What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?
A. 20%
B. 25%
C. 13 1/30%
D. 12%
Explanation:
SP2 = 2/3 SP1
CP = 100
SP2 = 80
2/3 SP1 = 80
SP1 = 120
100 — 20 => 20%