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Question : A trader sells an article at 20 percent profit. If he buys it at half of the cost price and sells at the same selling price as before, then what will be the profit percentage?

Option 1: 240 percent

Option 2: 40 percent

Option 3: 140 percent

Option 4: 60 percent


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 140 percent


Solution : Let the cost Price of the article be Rs. 100
Selling Price of the article at 20% profit = Rs. 100 + Rs. 20 = Rs. 120
The new Cost Price of the article = Rs. 50
Selling Price = Rs. 120
Now Profit = Rs. 120–Rs. 50 = Rs. 70
Profit percentage = $\frac{\text{Profit}}{\text{Cost Price}}\times 100$%
⇒ Profit percentage = $\frac{70}{50}\times 100 = 140$%
Hence, the correct answer is 140 percent.

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