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 %
Find the profit percentage if he sells at the list price?
A. 25 %
B. 6.66 %
C. 5.45 %
D. 30 %
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Answer:
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.