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A vendor sells his articles at a certain profit percentage. If he sells his articles at 1/3 of his actual selling price,then he incurs a loss of 40%. What is his actual profit percentage?
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- 72%
- 120%
- 80%
- none of these
Correct Option: C
Go through options C.
After 80% profit on cost price 100 = 100 + 80% = 180
New SP = 180 / 3 = 60
percentage loss = 40% (100 - 60)
Hence, (c) is correct choice.
