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Profit and Loss Practice Test 10
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© examsnet.com
Question : 3
Total: 28
If the selling price of an article is decreased by 46%, then there is a loss of 10% on CP.Then the initial profit percentage is:
62%
66.67%
54%
56%
Data inadequate.
Validate
Solution:
Let SP = Rs 100
Then new SP = Rs 54
Loss = 10%
C
P
=
54
×
10
9
=
60
Initial Profit
=
100
−
60
60
×
100
=
66.67
%
© examsnet.com
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