A trader sold an article at a loss of 5%, but when he increased the selling price by ₹65, he gained 3.33% on the cost price. If he sells the same article at ₹936, what is the profit percentage?
A
15%
B
16.66%
C
20%
D
Data Insufficient
Correct Option:
C
Explanation
The change from a 5% loss to a 3.33% gain is 8.33% of the cost price, and this change equals ₹65. Therefore, the cost price is ₹780. If the article is sold for ₹936, the profit is ₹156, so the profit percentage is (156/780) × 100 = 20%.
