Multiple choice

Directions : Read the following questions carefully and choose the right answer. What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?

  1. 8.33%

  2. 6.67%

  3. 12.25%

  4. 6.33%

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP = 100. Selling at 3/5 of SP results in 35% loss, so 3/5 * SP = 65. SP = 65 * 5 / 3 = 325 / 3 = 108.33. Profit = 108.33 - 100 = 8.33%.

AI explanation

Let the cost price be CP and the selling price be SP, so the loss equation is (3/5)SP = 0.65CP, which simplifies to SP = 1.0833CP. This means the selling price is 108.33% of the cost price. Therefore, the profit percentage is 8.33%.

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