What profit percentage is obtained by selling an article at certain price if by selling at 2/3 of that price there is a loss of 16%?
A. 24%
B. 26%
C. 20%
D. 22%
E. None of these

• GIVEN 16% LOSS
  SO 84% CP = 2/3 OF SP
  84/100 CP = 2/3 OF SP
  SOLVING SP/CP=126/100 ==>SO SP=1.26 OF CP SO 26% OF PROFIT
• 9 years agoHelpfull: Yes(4) No(0)
• let the price be x
  16% loss means it is sold for 84%(84/100)
  for (2/3)x => 84x/100
  for x = %?
  just cross muntiply
  % = (84x/100)/(2x/3)= 1.26
  therefore 26% profit
• 12 years agoHelpfull: Yes(0) No(3)
• Let a certain selling price = x
  so, 2/3 of that price = 2x/3
  in 16% loss, selling price 84 then buying price 100
  selling price 1 then buying price 100/84
  selling price 2x/3 then buying price = 100*2x/252 = 0.79365x
  therefore, profit = x - 0.79365x = 0.20635x
  required(%) = 0.20635x*100/0.79365x=26
  Therefore, profit is 26%(ans)
• 10 years agoHelpfull: Yes(0) No(2)
• let Sp1 = 2/3 and sp2 = 100-16 = 84
  let CP = 100
  2/3 Sp1 = 84
  Sp1 = 84*3/2 = 126
  CP - SP1 = 126 - 100 = 26
• 4 years agoHelpfull: Yes(0) No(0)