Question : The profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If the selling price is Rs. 750, then what is the profit percentage?
Option 1: 80%
Option 2: 50%
Option 3: 70%
Option 4: 60%
Correct Answer: 50%
Solution :
Given: The profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400.
The selling price is Rs. 750.
Profit percentage =
Let the CP of an article be Rs.
According to the question,
⇒
⇒
The profit percentage
Hence, the correct answer is 50%.