Question

If Joel sells an article at 4/5th of its selling price and secures a profit of 20%, what will be the profit or loss percentage if he sells it at the actual selling price?

Answer 1

Let the selling price be $x$ and the cost price be $y$

According to question $\frac{4}{5}\times x=$ $\frac{6}{5}\times y$

So $x=\frac{3}{2}\times y$

Thus profit percent will be $50$