A trader sold an article at a loss of 5% but when he increased the selling price by Rs.65 he gained 3.33% on the cost price. If he sells the same article at Rs. 936, what is the profit percentage?

15%
16.66%
20%
data insufficient

Correct Answer: 20%

Explanation:

103.33 CP- 0.95 CP = 65

CP = Rs. 780

profit (%) = (936 - 780)/780 x 100 = 20%

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