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What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?
- a)8.33%
- b)6.67%
- c)12.25%
- d)6.33%
Correct answer is option ''. Can you explain this answer?
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Verified Answer
What will be the percentage profit after selling an article at a cert...
Let the actual SP = 5
View all questions of this test
As per the question,
∴ Actual gain on selling the item at the actual selling price
Hence, the correct option is (A) .
Most Upvoted Answer
What will be the percentage profit after selling an article at a cert...
Let the actual SP = 5
As per the question,
∴ Actual gain on selling the item at the actual selling price
Hence, the correct option is (A) .
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Community Answer
What will be the percentage profit after selling an article at a cert...
To find the percentage profit after selling an article at a certain price, we need to consider the selling price and the cost price of the article.
Let's assume the selling price of the article is 'S' and the cost price is 'C'.
Loss on selling 3/5 of the selling price:
The loss percentage is given as 35%, which means the selling price of 3/5 of the article is (100 - 35) = 65% of the cost price.
So, (3/5)S = (65/100)C
=> S = (65/100)C * (5/3)
=> S = (13/20)C
Profit percentage:
Profit percentage is given by the formula:
Profit Percentage = ((S - C)/C) * 100
Substituting the value of S from above, we get:
Profit Percentage = (((13/20)C - C)/C) * 100
=> Profit Percentage = ((13/20 - 1)/1) * 100
=> Profit Percentage = (-7/20) * 100
=> Profit Percentage = -35%
However, we are asked to find the positive profit percentage. So, we take the absolute value of the profit percentage.
Absolute Profit Percentage = |-35%| = 35%
Therefore, the percentage profit after selling the article at a certain price, given a loss of 35% on selling 3/5 of the selling price, is 35%.
Option d) 6.33% is incorrect.
Let's assume the selling price of the article is 'S' and the cost price is 'C'.
Loss on selling 3/5 of the selling price:
The loss percentage is given as 35%, which means the selling price of 3/5 of the article is (100 - 35) = 65% of the cost price.
So, (3/5)S = (65/100)C
=> S = (65/100)C * (5/3)
=> S = (13/20)C
Profit percentage:
Profit percentage is given by the formula:
Profit Percentage = ((S - C)/C) * 100
Substituting the value of S from above, we get:
Profit Percentage = (((13/20)C - C)/C) * 100
=> Profit Percentage = ((13/20 - 1)/1) * 100
=> Profit Percentage = (-7/20) * 100
=> Profit Percentage = -35%
However, we are asked to find the positive profit percentage. So, we take the absolute value of the profit percentage.
Absolute Profit Percentage = |-35%| = 35%
Therefore, the percentage profit after selling the article at a certain price, given a loss of 35% on selling 3/5 of the selling price, is 35%.
Option d) 6.33% is incorrect.
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What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?a)8.33%b)6.67%c)12.25%d)6.33%Correct answer is option ''. Can you explain this answer?
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What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?a)8.33%b)6.67%c)12.25%d)6.33%Correct answer is option ''. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?a)8.33%b)6.67%c)12.25%d)6.33%Correct answer is option ''. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?a)8.33%b)6.67%c)12.25%d)6.33%Correct answer is option ''. Can you explain this answer?.
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