Multiple choice

By selling an article at 80% of the marked price, there is a loss of 10%. If the article is sold at the marked price, the profit percent will be

  1. 18.4 %

  2. 20 %

  3. 12.5 %

  4. 15 %
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let MP = 100. Selling price = 80. Loss = 10%, so CP * 0.9 = 80, CP = 800/9 = 88.89. If sold at MP = 100, Profit = 100 - 88.89 = 11.11. Profit % = (11.11 / 88.89) * 100 = 12.5%.

AI explanation

Let the marked price be Rs.100, so selling it at 80% gives a selling price of Rs.80. Since this results in a 10% loss, the cost price is 80 divided by 0.9, which is Rs.88.88. If the article is sold at the marked price of Rs.100, the profit is 100 minus 88.88, equaling Rs.11.11. Using the profit percentage formula, (11.11 divided by 88.88) multiplied by 100 equals 12.5%.

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