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    Question

    What will be the percentage profit after selling an

    article at a certain price if there is a loss of 30% if the article is sold at 1/4th of the previous selling price?
    A 100% Correct Answer Incorrect Answer
    B 150% Correct Answer Incorrect Answer
    C 120% Correct Answer Incorrect Answer
    D 180% Correct Answer Incorrect Answer
    E 80% Correct Answer Incorrect Answer

    Solution

    Let the S.P = Rs 400 New S.P = (1/4) × 400 = Rs 100 Loss = 30% C.P = 100 × (100/70) = 1000/7 Actual profit = {[400 - (1000/7)]/(1000/7)} × 100 = 1800/1000 × 100 = 180%

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