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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? - Mathematics

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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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