Question

1.
Q.60. By selling an item at 7/10th of the actual selling price, a
trader makes a profit of 20%. If he sells the product at
20% less than the actual selling price, then what will be
the profit or loss %?
1) 30%
2) 20%
3) 37 1/776
4) 33 1/3% 5) NOT

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Answer 1

Answer:

Product is sold at 20% less than actual selling price.

Therefore, S.P. = 80

Profit F.O.M. = S.P.C.P.S.P.C.P. = 80∗670∗580∗670∗5 = 48354835

Profit = 48−353548−3535 = 13351335*100 = 37.14%

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