Multiple Choice Questions on A person by selling an article at half of the list price incurs a loss of 20 Find the profit percent........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person by selling an article at half of the list price incurs a loss of 20 Find the profit percent...........

Quant (SSC) Profit and loss
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    A person, by selling an article at half of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price?

    25%

    Incorrect Answer

    60%

    Correct Answer

    5%

    Incorrect Answer

    30%

    Incorrect Answer
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    Explanation:

    0.50 MP = 0.8 CP (since 20% loss)
    So, MP = 160CP
    ⇒ 60% gain

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