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      Question

      If there is a loss of 20% on selling the article at

      16/21 of the original selling price then what will be the percentage profit after selling the article at original selling price?
      A 7% Correct Answer Incorrect Answer
      B 8% Correct Answer Incorrect Answer
      C 5% Correct Answer Incorrect Answer
      D 7% Correct Answer Incorrect Answer

      Solution

      Let the original selling price be Rs. 21x New selling price = (16/21) × 21x = Rs. 16x Now, cost price of the article = 16x/0.8 = Rs. 20x Required profit percent = [(21x – 20x)/20x] × 100 = 5%

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