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By selling an article at 80% of the mark...

By selling an article at 80% of the marked price, there is a loss of 10%. If the article is sold at the marked price, the profit per cent will be

A

18.4

B

20

C

12.5

D

15

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The correct Answer is:
To solve the problem step by step, let's break it down clearly: ### Step 1: Understand the given information - Selling price (SP) is 80% of the marked price (MP). - There is a loss of 10% when selling at this price. ### Step 2: Define variables Let: - Marked Price (MP) = 100 (for simplicity) - Cost Price (CP) = CP (unknown for now) - Selling Price (SP) = 80% of MP = 0.8 * 100 = 80 ### Step 3: Calculate the Cost Price (CP) Since there is a loss of 10%, the selling price is 90% of the cost price. - Therefore, we can write the equation: \[ SP = CP \times (1 - \text{Loss Percentage}) = CP \times (1 - 0.10) = CP \times 0.90 \] Substituting the value of SP: \[ 80 = CP \times 0.90 \] Now, solve for CP: \[ CP = \frac{80}{0.90} = \frac{800}{9} \] ### Step 4: Calculate the Profit Percentage if sold at Marked Price If the article is sold at the marked price (MP = 100), we need to find the profit percentage. 1. Profit = Selling Price at Marked Price - Cost Price \[ \text{Profit} = MP - CP = 100 - \frac{800}{9} \] 2. To simplify, convert 100 into a fraction with a denominator of 9: \[ 100 = \frac{900}{9} \] Thus, \[ \text{Profit} = \frac{900}{9} - \frac{800}{9} = \frac{100}{9} \] 3. Profit Percentage is calculated as: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{CP}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{\frac{100}{9}}{\frac{800}{9}}\right) \times 100 \] 4. Simplifying: \[ = \left(\frac{100}{800}\right) \times 100 = \frac{1}{8} \times 100 = 12.5\% \] ### Final Answer The profit percentage when the article is sold at the marked price is **12.5%**. ---
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