What will be the percentage profit after selling an article at a certain price if there occur a loss...........

Quant (SSC) Profit and loss

What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?

8.33%

6.67%

12.25%

6.33%

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Explanation:

Let the actual SP = 5/-
∴ New SP = 3/5 x 5 = 3/-
As per the question,
CP = 100 /(100 – Loss%) x SP
= 100/65 X 3 = 60/12
∴ Actual gain on selling the item at the actual selling price
= 5 – 60/13 = 5/13
∴ Gain% = 5/13 /60/13 x 100% = 8.33%