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By selling an article at 80% of its marked price, a trader makes a loss of 12%, what will be a profit percentage, if he sells it at 95% of its marked price?
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CCommunity
Let Mark price 100
Selling price 80
CP when loss is $12% = 80 × 100 ÷ 88 = 1000/11 = 90.9090$
When sold at 95% of mark price I.e. at 95 profit $= 95 - 90.9090 = 4.09$
Profit% $ = 4.09 ÷ 90.9090 × 100 = 4.5%$
Selling price 80
CP when loss is $12% = 80 × 100 ÷ 88 = 1000/11 = 90.9090$
When sold at 95% of mark price I.e. at 95 profit $= 95 - 90.9090 = 4.09$
Profit% $ = 4.09 ÷ 90.9090 × 100 = 4.5%$