Correct Answer :
60.2%
Solution :
The correct option is 60.2%.
Let us solve this problem step-by-step to understand the logic behind finding the profit percentage.
Step 1: Define the variables
Let the actual selling price of the article be and the cost price of the article be .
Step 2: Use the first given condition
Hitesh sells the article at of its actual selling price, which means the new selling price () is:
At this selling price, he incurs a loss of 28%. This means the selling price is 72% (100% - 28%) of the cost price :
Equating the two expressions for :
Step 3: Use the second given condition
Now, Hitesh sells the article at 89% of its actual selling price. Thus, the new selling price () is:
Substitute into the equation:
Step 4: Calculate the Profit Percentage
Since , the selling price is 160.2% of the cost price.
The profit percentage is given by:
Therefore, the profit percentage is 60.2%.
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.