Multiple choice

On selling an article at 2/3 of the marked price, the loss is 10%. If the article is sold at marked price what will be profit percent ?

  1. 20%

  2. 30%

  3. 35%

  4. 40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = cost price, MP = marked price. Selling at 2/3 MP gives 10% loss: (2/3)MP = 0.9CP, so MP = 1.35CP. At MP, profit = MP - CP = 1.35CP - CP = 0.35CP = 35%. Option A (20%) is incorrect; it would only apply if the relationship between MP and CP was different.

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