Multiple choice

Prof. Chatterjee bought a car and got 15% off on its original price as dealer's discount. He then sold it with 20% profit on his purchase price. What percentage profit did he get on the original price?

  1. 2%

  2. 12%

  3. 5%

  4. 17%

  5. 18%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let original price be 100. Purchase price = 85. Selling price = 85 * 1.20 = 102. Profit on original price = 102 - 100 = 2%.

AI explanation

Assume the original price of the car is Rs. 100; Prof. Chatterjee's purchase price after a 15% dealer discount is Rs. 85. He sells it at a 20% profit on his purchase price, making the selling price 85 * 1.20 = Rs. 102. Comparing this selling price to the original price, his profit is Rs. 2 on Rs. 100, yielding a 2% profit.

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