Question

    If there is a loss of 40% on selling the article at

    15/28 of the original selling price then what will be the percentage profit after selling the article at original selling price?
    A 10% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 14% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the original selling price be Rs. 28x New selling price = (15/28) × 28x = Rs. 15x Now, cost price of the article = 15x/0.6 = Rs. 25x Required profit percent = [(28x – 25x)/25x] × 100 = 12%

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