COST PRICE AND SELLING PRICE QUESTION
BY SELLING AN ARTICLE AT 2/3 OF THE MARKED PRICE, THERE IS A LOSS OF 10%. THE PROFIT PERCENT, WHEN THE ARTICLE IS SOLD AT THE MARKED PRICE, IS SUPPOSE MARKED PRICE = x THEREFORE, S.P. = Rs 2x/3 C.P. =(2x/3*90)*100 = 20x/27 PROFIT AT MARKED PRICE = x - 20x/27 = 7x/27 THEREFORE, PERCENT PROFIT ={(7x/27)/(20x/27)}*100 = 7x/27 * 27/20x * 100 = 35%