Multiple Choice Questions on A person sold an article at 16 2 3 profit on Selling Price Afterwards when the cost price reduced by........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person sold an article at 16 2 3 profit on Selling Price Afterwards when the cost price reduced by...........

Quantitative Aptitude ( CCS) Profit and loss
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    A person sold an article at 16 (2/3)% profit on Selling Price. Afterwards when the cost price reduced by 10% then he also reduced the selling price by 10%. His percentage of profit on cost price will be?

    20%

    Correct Answer

    21%

    Incorrect Answer

    19%

    Incorrect Answer

    25%

    Incorrect Answer
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    Explanation:

    Solution:
    Profit on SP= 1/6
    SP:CP=6:5 multiply by 10 for easy calculation= 60:50
    60-6 : 50-5=54:45
    =(54-45)/45*100=20%

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