A vendor sells his articles at a certain profit percentage. If he sells his article at 1/3 of his actual selling price, then he incurs a loss of 40%. What is his actual profit percentage?

**Option A):**

80%**Option B):**

60%**Option C):**

72%**Option D):**

120%

**Correct Answer is Option A):**

80%

**Explanation:**

Go through the option:

100 (CP)== 80%↑==> 180(SP)

1/3 of SP = 180/3 = 60

Loss = 40% = 100 -60 = 40

Hence, option (3) is correct as it gives 40% loss on CP on reducing the price to 1/3 of CP.