Question

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

Options

• 6.9 %

• 5%

• 5.9%

• 12.5%

Answer 1

6.9 %
Explanation: 
Let marked price= ₹100
and Selling price = ₹80
In the condition of 10% loss the cost price of the article

= `(80xx100)/90`

= ₹`800/9`
∴ Required profit percentage

= `(95-800/9)/(800/9)xx100=55/8`

= 6.9% (approx.)