Question

If there is a loss of 40% when a good is sold at (2/5)th of its earlier selling price. Find the profit% after selling the good at earlier selling price

Answer 1

Let the earlier selling price be $x$

Let C.P. be $y$

According to question , $\frac{2}{5}x=$ $\frac{6}{10}y$

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

Thus profit percent is $50$%