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Profit and Loss


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% ?

A. 30%

B. 25%

C. 15%

D. 20%


Answer: Option d

Explanation:

Assuming CP2 = 100 and SP2 = 80, there is a loss of 20%.
SP2 = 2/3 of SP1
=> SP1 = 120

CP      SP     Profit%
100     120      +20          
100     80       -20



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