When a book is sold at its Marked Price it gives a profit of 40 % . What % will happen if it is sold

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7.Profit and Loss

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When a book is sold at its Marked Price it gives a profit of $40 \% .$ What $\%$ will happen if it is sold at half the marked Price?

A

$30 \%$ profit

B

$25 \%$ loss

C

$30 \%$ loss

D

$40 \%$ profit

Solution

Let us assume that cost of the book is $Rs.\, 100$

and Market Price is $Rs.\, 140$ If we sell the book at half of $MP$

then selling Price $=\frac{140}{2}=$ $Rs.\, 70$

So percent loss $=(100-70)=30 \%$ loss

Standard 13

Quantitative Aptitude

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