| The cost price of an item is two-third of its selling price. What is the gain/loss per cent or that item? |
A) 45%
B) 50%
C) 35%
D) 54%
E) None of these
Correct Answer: B
Solution :
| Let the selling price be Rs. x. |
| Then, \[CP=\frac{2}{3}x\] |
| Profit \[%=\frac{x-\frac{2}{3}x}{\frac{2}{3}x}=\frac{\frac{1}{3}}{\frac{2}{3}}\times 100%=50%\] |
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