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Quantitative Aptitude

Profit, Loss & Discount

What profit p...

Question

What profit percent is made by selling an article at a certain price, if by selling at $\frac{2}{3}$ rd of that price, there would be a loss of $20 %$ ?

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Solution

Given: ${S P}_{2} = \frac{2}{3} {S P}_{1}$
CP $= 100$
${S P}_{2} = 80$
$\Rightarrow \frac{2}{3} {S P}_{1} = 80 {S P}_{1} = 120 \Rightarrow 20 %$

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