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Profit and Loss

What profit p...

Question

What profit percent is made by selling an article at a certain price if by selling $\frac{3}{4}$ th of that price there is a loss of 10 % ?

A

20 %

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B

15 %

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C

25 %

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D

10 %

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Solution

The correct option is A 20 %
$\frac{3}{4} \times S P$ = 90 % of CP

SP = -120 % of CP

SP = 1.2 of CP

Profit % = $\frac{1.2 C P - C P}{C P} \times 100$

= $0.2 \times 100 = 20 %$

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