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A vendor sells his articles at a certain profit percentage. If he sells his articles at ¼th of his actual selling price then he incurs a loss of 60%. What is his actual profit percentage?
  • a)
    40%
  • b)
    20%
  • c)
    60%
  • d)
    80%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A vendor sells his articles at a certain profit percentage. If he sel...
Let the cost price = 100 Rs.
From the options:
If profit % = 60%
Then SP = 160 Rs.
New SP = 160/4 = 40 Rs.
Then,
Percentage loss= (100-40)/100 = 60%
Hence Verified
ALTERNATE:-
Let the selling price is 100
New selling price 100/4 = 25
He suffers a loss of 60%.
CP*0.4 = 25
CP = 25/0.4 = 62.5
Actual Profit = 100 - 62.5 = 37.5
profit% = 37.5/62.5 *100 = 60%
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A vendor sells his articles at a certain profit percentage. If he sells his articles at ¼th of his actual selling price then he incurs a loss of 60%. What is his actual profit percentage?a)40%b)20%c)60%d)80%Correct answer is option 'C'. Can you explain this answer?
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