Multiple Choice Questions on If Joel sells an article at 4 5th of its selling price and secures a profit of 20 what will be the p........... for RBI Grade B Exam Preparation

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Multiple Choice Questions

If Joel sells an article at 4 5th of its selling price and secures a profit of 20 what will be the p...........

Quantitative Aptitude (RBI Grade B) Profit and loss
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    If Joel sells an article at 4/5th of its selling price and secures a profit of 20%, what will be the profit or loss percentage if he sells it at the actual selling price?

    45%

    Incorrect Answer

    60%

    Incorrect Answer

    50%

    Correct Answer

    56%

    Incorrect Answer
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    Explanation:

    Let CP is Rs100
    Profit 20% Means => 120.
    120 = 4/5SP =>SP =150.
    Then profit %ge is 50%

    Hence, option 3 is the correct answer.

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