6.A person, by selling an article at three-fourths of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price? A. 25 % B. 6.66 % C. 5.45 % D. 30 %
15- A person, by selling an article at three-fourths of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price? Explanation - 0.75 MP = 0.8 CP (since 20% loss) So, MP = 1.0666CP ⇒ 6.66% gain.
Answers & Comments
Answer:
15- A person, by selling an article at three-fourths of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price? Explanation - 0.75 MP = 0.8 CP (since 20% loss) So, MP = 1.0666CP ⇒ 6.66% gain.