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?
Correct Answer: 80%
Explanation:
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.
