When a book is sold at its Marked Price,it gi | vedclass

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(C) Let the Cost Price $(CP)$ of the book be $Rs. 100$.Since selling the book at the Marked Price $(MP)$ gives a profit of $40 \%$,the $MP$ is $100 +

Vedclass · Accepted Answer

$30 \% 	ext{ loss}$

Vedclass · Answer

(C) Let the Cost Price $(CP)$ of the book be $Rs. 100$.Since selling the book at the Marked Price $(MP)$ gives a profit of $40 \%$,the $MP$ is $100 + 40 = Rs. 140$.If the book is sold at half the Marked Price,the new Selling Price $(SP)$ is $\frac{140}{2} = Rs. 70$.Now,we compare the new $SP$ with the $CP$: $SP = Rs. 70$ and $CP = Rs. 100$.Since $SP $	ext{Loss} = CP - SP = 100 - 70 = Rs. 30$.$	ext{Loss percentage} = \frac{	ext{Loss}}{CP} 	imes 100 = \frac{30}{100} 	imes 100 = 30 \%$.Therefore,there is a $30 \% 	ext{ loss}$.

When a book is sold at its Marked Price,it gives a profit of $40 \%$. What percentage of profit or loss will occur if it is sold at half the Marked Price?

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