At what profit percent must an article be sold so that by selling at half the price, there may be a loss of 30%?
Answer with explanationAnswer: Option B
Let the CP of the article be Rs 100
By selling it at half of its SP , the loss is 30% i.e half of the selling price should be Rs 70
So the Actual SP will be Rs 70 x 2 = Rs 140
Hence the profit is Rs 40 i.e 40%