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 $\frac{3}{8}$ of the selling price?
Option 1: 17%
Option 2: 37%
Option 3: 47%
Option 4: 27%

Question

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 $\frac{3}{8}$ of the selling price?

Option 1: 17%

Option 2: 37%

Option 3: 47%

Option 4: 27%

Team Careers360 · Accepted Answer

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 $\frac{3}{8}$ of the selling price,
Original selling price = $\frac{8}{3}×55$ = INR $\frac{440}{3}$
$ herefore$ Actual profit percentage = $\frac{ ext{selling price - cost price}}{ ext{cost price}}×100=\frac{\frac{440}{3}-100}{100}×100 = 46.66\approx 47$%
Hence, the correct answer is 47%.

Exams

Colleges

Predictors

Resources

Quick links

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

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 38 of the selling price?Option 1: 17%Option 2: 37%Option 3: 47%Option 4: 27%

Related Questions

Know More about

Upcoming Exams

Trending Articles around SSC CPO

Download the Careers360 App on your Android phone

Sign In/Sign Up

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 $\frac{3}{8}$ of the selling price?
Option 1: 17%
Option 2: 37%
Option 3: 47%
Option 4: 27%