If A sells an item at three fourth of its selling price he incurs a loss of 4%. What will be the profit or loss percentage if he sells at actual selling price
Let the cost price = 100.sukhman wrote:If A sells an item at three fourth of its selling price he incurs a loss of 4%. What will be the profit or loss percentage if he sells at actual selling price
A loss of 4% = 96.
Since a loss of 4% is equal to 3/4 of the actual selling price, we get:
96 = (3/4)x
x = 128.
Thus:
Profit at the actual selling price = (actual selling price) - (cost price) = 128-100 = 28.
