Question:
Rajnish bought an item at 25% discount on the printed price. He sold it at a 10% discount on the printed price. What is his profit in percentage?
Rajnish bought an item at 25% discount on the printed price. He sold it at a 10% discount on the printed price. What is his profit in percentage?
Updated On: Aug 9, 2024
- 10
- 15
- 17.5
- 20
- None of the above
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The Correct Option is D
Solution and Explanation
Let the printed price be ₹100x
Rajnish bought at ₹100x(1-25/100) = ₹75x
He sold it at ₹100x(1-10/100) = ₹90x.
Profit in percentage = 90x - 75x/75x x 100 = 1/5 x 100 = 20%
Hence, option D is the correct answer.
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