By selling an article at 2/5 of its actual selling price, Manav incurs a loss of 27%. If he sells it at 84% of its actual selling price, then the profit percentage is:
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A.
56.9%
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B.
52.6%
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C.
55.5%
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D.
53.3%
Correct Answer:
D. 53.3%
Explanation:
When an article is sold at 40% of its actual price, the revenue is 73% of the cost price due to the 27% loss. This implies the actual selling price is 1.825 times the cost price. If sold at 84% of the actual price, the revenue becomes 153.3% of the cost price (0.84 multiplied by 1.825), resulting in a 53.3% profit.
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