Profit & Loss · Question 11 · Medium
By selling an article at 3/4 of its usual price, a trader loses 10%. What is his profit percentage when he sells it at the usual price?
- 15%
- 20%
- 25%
- 33 1/3%
Answer and explanation
Answer: B. 20%
Explanation: 3/4 of the usual price = 90% of CP, so the usual price = 0.9 ÷ 0.75 = 1.2 × CP. That is a 20% profit.
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