Question

An article is sold at 30% loss. If the selling price is increased by 50%, then what is the profit percentage?

Answer 1

profit is 5%, 5% is the answer

Answer 2

Answer:

Profit percentage is 5%.

Step-by-step explanation:

Let cost of an article=Rs 100

Loss=30%

Then we convert Loss percentage value into rupees by the given below formula

Loss in rupees=$\frac{loss \;percent\; value}{100}\times Cost\; price$

Loss=$\frac{30}{100}\times100$= Rs 30

Selling price=Cost price-Loss

Selling price=100-30=Rs 70

If the selling price is increased by 50%

It means we find 50 % value in rupees then add to selling price value

50%  of selling price =$\frac{50}{100}\times 70=Rs 35$

New selling price =35+70=Rs 105

Profit= Selling price- cost price=105-100=Rs 5

Profit %=$\frac{profit }{cost \;price}\times 100$

Profit %=$\frac{5}{100}\times 100=5%$

Profit percentage is 5%.