## Profit and Loss

What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20% ?

A. 30%

B. 25%

C. 15%

D. 20%

Answer: Option d

Explanation:

Assuming CP2 = 100 and SP2 = 80, there is a loss of 20%.

SP2 = 2/3 of SP1

=> SP1 = 120

**CP SP Profit%**

100 120 +20

100 80 -20