What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that...

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%?

Answer/Solution

20%

Steps/Work

Explanation:
SP2 = 2/3 SP1
CP = 100
SP2 = 80
2/3 SP1 = 80
SP1 = 120
100 --- 20 => 20%
Answer: A

Gain Calculator / Auto Solver

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

Calculated Answer

20

Step by Step Solution

In order to solve problem, you must evaluate (100 - n₂) / (n₀ / n₁) - 100.

n₀ =	2
n₁ =	3
n₂ =	20

(100 - n₂) / (n₀ / n₁) - 100
Evaluate 100 - n₂ = 80
80 / (n₀ / n₁) - 100
Evaluate n₀ / n₁ = 0.66666666666667
80 / 0.66666666666667 - 100
Evaluate 80 / 0.66666666666667 = 120
120 - 100
Evaluate 120 - 100 = 20
20
The answer to the problem and the result of (100 - n₂) / (n₀ / n₁) - 100 is 20