Profit and loss

Quantitative Aptitude ( CCS)

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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%

21%

19%

25%

Explanation:

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%

Hence, option 1 is the correct answer.

By: Amit Kumar

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