Question
Kiran incurred a loss of 30% on selling an article at
(5/6) of its list price. Find the profit percentage if he sold the article at 92% of its list price.Solution
According to the question, Let the list price of the article be Rs.600b Selling price of the article = (5/6) ×600b=500b So, cost price of the article = (500b/0.7b) =714.29b New selling price of the article = 0.92 × 600b = 552b Therefore, required profit percentage = [(552b−500b)/500b] ×100 = 10.4%
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