Question Details

By selling an article at  6 15  of its actual selling price, Hitesh incurs a loss of  28 % . If he sells it at 89 % of its actual selling price, then the profit percentage is

Options

A

59.2%

B

60.5%

C

60.2%

D

60.7%

Show Answer

Correct Answer :

Option C

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 SP and the cost price of the article be CP.


Step 2: Use the first given condition

Hitesh sells the article at 615 of its actual selling price, which means the new selling price (SP1) is:

SP1=615×SP=25SP=0.4×SP

At this selling price, he incurs a loss of 28%. This means the selling price is 72% (100% - 28%) of the cost price CP:

SP1=0.72×CP

Equating the two expressions for SP1:

0.4×SP=0.72×CP

SP=0.720.4×CP=1.8×CP


Step 3: Use the second given condition

Now, Hitesh sells the article at 89% of its actual selling price. Thus, the new selling price (SP2) is:

SP2=89%×SP=0.89×SP

Substitute SP=1.8×CP into the equation:

SP2=0.89×(1.8×CP)=1.602×CP


Step 4: Calculate the Profit Percentage

Since SP2=1.602×CP, the selling price is 160.2% of the cost price.

The profit percentage is given by:

Profit %=SP2-CPCP×100

Profit %=1.602×CP-CPCP×100=0.602×100=60.2%


Therefore, the profit percentage is 60.2%.

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