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The percentage of loss when an article is sold at $ 50 is the same as that of the profit when it is sold at $ 70. The above-mentioned percentage of profit or loss on the article is
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- 10%
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16 2 % 3 - 20%
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22 2 % 3
Correct Option: B
Let the C.P. be y
According to the question,
| × 100 = | × 100 | y | y |
⇒ y – 50 = 70 – y
| ⇒ 2y = 120 ⇒ y = | = 60 | 2 |
Loss = 60 - 50 = $ 10
| ∴ Loss % = | × 100 | 60 |
| Loss % = | = 16 | % | 3 | 3 |
