Question

By selling an article at $\frac{2}{3}$ of the marked price, there is a loss 10%. The profit when the article is sold at the marked price, is

• A. 20%
• B. 30%
• C. 35%
• D. 40%
• E. 66$\frac{2}{3}$%

Answer 1

The correct option is C 35%

From given, we have,

$\frac{SP}{MP}=\frac{2}{3}$

and $\frac{CP}{SP}=\frac{10}{9}>$loss of $10\%$

To make a ration $\{\begin{array}{ccc}CP& SP& MP\\ 20& 18& 27\end{array}$

$Profit=MP-CP$

$=27-20=Rs.7$

$Profit\%=\frac{7}{20}\times 100=35\%$