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By selling an article at 145тАЛ of its actual selling price, Hitesh incurs a loss of 20%. If he sells it at 80% of its actual selling price, then the profit percentage is:
81.2%
80.7%
81.9%
79.2%
79.2%
Express actual SP as 14 units. Then, selling at 5/14 SP means SPтВБ = 5 units. At 5 units, loss is 20%, so CP = 5 / 0.8 = 6.25 units. Selling at 80% of 14 units (SPтВВ = 11.2 units) yields profit on 6.25 units.
Selling at 5/14 of the actual selling price results in a 20% loss. Find the profit percentage if sold at 80% of the actual selling price.
CP=100тИТloss%SP├Ч100тАЛ
Express actual SP as 14 units. Then, selling at 5/14 SP means SPтВБ = 5 units. At 5 units, loss is 20%, so CP = 5 / 0.8 = 6.25 units. Selling at 80% of 14 units (SPтВВ = 11.2 units) yields profit on 6.25 units.
Confusing the fractional part of the actual selling price (5/14) with the profit/loss calculation itself, and failing to convert the 80% target back to the same unit base.
Define Base Values
Let the actual selling price (SP) be 14 units. Selling at 145тАЛ of this price means the new selling price (SP1тАЛ) is 5 units.
SP1тАЛ=14├Ч145тАЛ=5
Calculate Cost Price (CP)
Since selling for 5 units results in a 20% loss, the Cost Price is calculated using the loss percentage formula where SP=CP├Ч(1тИТ0.20).
CP=0.85тАЛ=6.25
Find New Selling Price
The second scenario is selling at 80% of the actual selling price (14 units).
SP2тАЛ=14├Ч0.8=11.2
Calculate Profit Percentage
The profit is the difference between SP2тАЛ and CP. Profit percentage is CPProfitтАЛ├Ч100.
Profit%=6.2511.2тИТ6.25тАЛ├Ч100=6.254.95тАЛ├Ч100=79.2%
D is correct because the calculation shows a profit of 79.2% when selling at 11.2 units against a cost price of 6.25 units.
This type of multi-scenario ratio problem is common in work-time and speed-distance topics as well; always normalize variables to a common unit base first.