Question

at what profit percent must an article was sold so that by selling at of that price there may be a loss of 30 %​

Answer 1

Answer:

40

and I think in question it should be selling at half of price

Step-by-step explanation:

use profit%=x(100-L)-100

2(100-30)_100

40

Answer 2

The profit percentage is 40%.

Step-by-step explanation:

Consider the provided information.

We need to find At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30%

Let the selling price was x.

Then the new selling price will be $\frac{x}{2}$ and loss is 30%

$CP=\frac{SP\times100}{100-loss}$

$CP=\frac{\frac{x}{2}\times100}{100-30}$

$CP=\frac{50x}{70}$

$CP=\frac{5x}{7}$

Thus, the cost price is $\frac{5x}{7}$

Profit = $x-\frac{5x}{7}=\frac{2x}{7}$

Profit% = $\frac{\frac{2x}{7}}{\frac{5x}{7}} \times100=\frac{200}{5}=40$

Hence, the profit percentage is 40%.

#Learn more

A medicine distributor buys 25 strips of antibiotics  which he sells to a stockistatia 20% profit. The stockist  sells the antibiotics to a retail shop, earning 5%. The  retail shop sells the 25 strips to patients for 107.73  each, earning a profit of 12.5%. How much had the  superstockist paid for the 25 strips of antibiotics?​

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