A vendor sells his articles at a certain profit percentage. If he sells his article at $$\frac{1}{3}$$ of his actual selling price, then he incurs a loss of 40%. What is his actual profit percentage?
A. 72%
B. 120%
C. 80%
D. 60%
Answer: Option C
Solution(By Examveda Team)
Go through the option:100 (CP) == 80%↑ ⇒ 180(SP)
$$\frac{1}{3}$$ of SP = $$\frac{180}{3}$$ = 60
Loss = 40% = 100 - 60 = 40
Hence, option (C) is correct as it gives 40% loss on CP on reducing the price to $$\frac{1}{3}$$ of CP.
This Question Belongs to Arithmetic Ability >> Profit And Loss
Join The Discussion
Comments ( 2 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Let the actual profit % = x%, Therefore, If cost price is Rs 100, then profit will be 100+x, According to question, (100+x)/3 = 100-40, We get , x = 80
The cost price of an article is numerically equal to the profit% and its selling price is Rs.31.25.What it's cost price?