Practice | Hashtable

Home > Practice > Arithmetic Aptitude > Profit & Loss > Miscellaneous

1. A vendor sells his articles at a certain profit percentage. If he sells his article at $\frac{1}{3}$ of his actual selling price, then he incurs a loss of 40%. What is his actual profit percentage?

A. 72%

B. 120%

C. 80%

D. 60%

Solution:

Go through the option:
100 (CP) == 80%↑ ⇒ 180(SP)

\frac{1}{3}

of SP =

\frac{180}{3}

= 60
Loss = 40% = 100 - 60 = 40
Hence, option (C) is correct as it gives 40% loss on CP on reducing the price to

\frac{1}{3}

of CP.

You must login to add comments. Login now.