40 Views

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%


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books