Question

By selling an article at four-fifths of the actual selling price, a loss of 8% is incurred.what is the profit percentage by selling the article at its actual selling price

Answer 1

Answer:

15%

Step-by-step explanation:

Let the actual selling price be 100

then the new selling price will be = 100*4/5= 80

loss of 8% incurred

⇒92% of CP = 80

CP= 86.9565

%Profit on selling it at actual SP = (100-86.9565)/86.9565*100= 15%

Answer 2

Answer:

The profit percentage by selling the article at its actual selling price is 15%.

Given:

By selling an article at four-fifths of the actual selling price, a loss of 8% is incurred.

To find:

What is the profit percentage by selling the article at its actual selling price.

Solution:

Article is sold at$\frac{4}{5}$ of SP = 8% loss

Let the SP be Rs.100

$\frac{4}{5}$of SP = Rs.80

Rs. 80 = 92% of cp

$\frac{92}{100} \times$ x = 80

x = $\frac{80 \times 100}{92}$

x = 86.9

%profit=15%

Result:

The profit percentage by selling the article at its actual selling price is 15%.