Question : What will be the actual profit percentage (rounded off to the nearest integer) after selling an article at a certain price, while there occurs a loss of 45% on selling the article at
Option 1: 17%
Option 2: 37%
Option 3: 47%
Option 4: 27%
Correct Answer: 47%
Solution :
Let the cost price be INR 100.
Loss = 45% of cost price = INR 45
Selling price = cost price – loss = 100 – 45 = INR 55
As the product is sold at
Original selling price =
Hence, the correct answer is 47%.