A person, by selling an article at three-fourths of the list price incurs a loss of 20%. Find the profit percentage if he sells at the list price?
1) 25%
2) 6.66%
3) 111/9%
4) None of these
Answer: 2
EXP:
0.75 MP = 0.8 CP (since 20% loss)
So, MP = 1.0666CP => 6.66% gain