Profit and Loss Practice Test 3

Question : 15 of 40

Marks: +1, -0

The price of an article is reduced by 40 per cent. In order to restore the original price, the reduced price must be increased by:

Solution:

Let the marked price = 100
Price of article reduced = 40%
New marked price

= 100 -{40×100}/100=\Rs 60

Percentage of reduced price

={\MP-\New \MP}/{\MP}×100

={100-60}/60×100=66 1/3%

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