Question

(1) 20What will be the percentage profit after selling an article at label price if there is a loss of 20% when the
article is sold at one third of the label price?
(1) 20%
(2) 80%
(3) 75%
(4) 60%
(5) None of these​

Answer 1

Answer:

(5) None of these​

Step-by-step explanation:

Cost price + Profit= Label price

• c+p=l

As per given, at reduced label price there is a loss:

• 1/3 l = c-20%

• l/3 = 0.8c

• l = 2.4c

Profit:

• p = l-c = 2.4c-c = 1.4c

• p = 1.4c

• p = 140% of cost price

Profit is 140% and option (5) is correct