An article is sold at a profit of 40%. If the purchasing price triples and the selling price decreases by 20%, what will be the percentage of profit or loss?
Let CP = 100 Profit = 40% Sp = 140 So now CP is Tripple, and the selling price is 20% less. then CP= 300 SP = 140×80/100=112 Loss = 300-112= 188 Loss% = (188/300) ×100 =62.6%
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