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Discussion :: Profit and Loss

  1. What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?
    2. A.
    20%
    B.
    25%
    C.
    13 1/30%
    D.
    12%

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    Workspace

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    Answer : Option A

    Explanation :

    SP2 = 2/3 SP1

    CP = 100

    SP2 = 80

    2/3 SP1 = 80

    SP1 = 120

    100 --- 20 => 20% 

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