what profit per cent is made by selling an article at a certain price if by selling at 3/4 of that price result in a loss of 10%
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Answer:
The profit made is 20%
Step-by-step explanation:
If in a transaction, there is a loss of 10%, it means that the article was sold for 10% less than the cost price.
=> SP is 10% lower than CP
=> SP is 90% of CP
=> SP = 0.9*CP .......(i)
This, according to the question, is the price that is (3/4) of the original selling price.
Hence, original selling price will be (4/3) of this price.
Original SP = (4/3)*0.9*CP .....Using (i)
Original SP = 1.2*CP
=> Original SP = CP + 0.2*CP
=> Original SP = CP + 20% of CP
=> Profit is 20%
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