Question : What will be the actual profit percentage (rounded off to the nearest integer) after selling an article at a certain price, while there occurs a loss of 45% on selling the article at $\frac{3}{8}$ of the selling price?
Option 1: 17%
Option 2: 37%
Option 3: 47%
Option 4: 27%
Correct Answer: 47%
Solution :
Let the cost price be INR 100.
Loss = 45% of cost price = INR 45
Selling price = cost price – loss = 100 – 45 = INR 55
As the product is sold at $\frac{3}{8}$ of the selling price,
Original selling price = $\frac{8}{3}×55$ = INR $\frac{440}{3}$
$\therefore$ Actual profit percentage = $\frac{\text{selling price - cost price}}{\text{cost price}}×100=\frac{\frac{440}{3}-100}{100}×100 = 46.66\approx 47$%
Hence, the correct answer is 47%.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
