Profit and Loss Practice Test 6

Question : 4 of 40

Marks: +1, -0

By selling an article at 80% of its marked price, a trader makes a loss of 10%. What will be the profit percentage if he sells it in 95% of its marked price?

6.9
5
5.9
12.5

Validate

Solution:

\table \CP ,\MP ,\Loss ,\SP;100 ,x= 112.5,10%,100-{10×100}/100=90

Also, the SP of article is 80% of MP.

80/100×x=90

x=112.5

New sale price = 95% of MP

95/100×112.5=106.875

New profit percentage

={106.875-100}/100×100=6.875=6.9%

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