An article passing through two hands is sold at a profit of 40 at the original cost price If the 1st...........

Quant (SSC) Profit and loss

An article passing through two hands is sold at a profit of 40% at the original cost price. If the 1st dealer makes a profit of 20%, then the profit percent made by the second is

15 2/3%

16 2/3%

13 2/3%

11 2/3%

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Explanation:

Let the cost price of the article be ? 100
Therefore, first dealer makes 20% profit on CP = ? 120
And, Overall profit at the CP is 40% = ? 140
So, 2nd dealer makes profit % = 140 – 120 /120 x 100
= 16 2/3%