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By Wiki Mathematics Mcqs Profit and Loss Mcqs No Comments

What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?

A. 20%
B. 25%
C. 13 1/30%
D. 12%

Explanation:

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SP2 = 2/3 SP1

CP = 100

SP2 = 80

2/3 SP1 = 80

SP1 = 120

100 — 20 => 20%

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