Friday 7 September 2018

Question of the day

If Satvik sells an article at 4/5th of its selling price and secures a loss of 8%, what will be the profit or loss percentage if he sells it at the actual selling price?
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1 comment:

  1. Bhaskar Reddy7 September 2018 at 05:32

    Let CP = 100
    Loss = 8%
    Therefore, SP = 92
    But 92 is 4/5th of actual selling price.
    Hence, Actual SP = 92 x 5/4 = 115
    Profit = SP - CP = 115 - 100 = 15
    Profit percentage = 15%

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