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MCQ

By selling an article at 80% of its marked price a trader makes a loss of 10%, what will be a profit percentage if he sells it at 95% of its marked price?

#### Options

6.9 %

5%

5.9%

12.5%

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#### Solution

**6.9 %**

**Explanation:**

Let marked price= ₹100

and Selling price = ₹80

In the condition of 10% loss the cost price of the article

= `(80xx100)/90`

= ₹`800/9`

∴ Required profit percentage

= `(95-800/9)/(800/9)xx100=55/8`

= 6.9% (approx.)

Concept: Profit and Loss (Entrance Exam)

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