Multiple choice

The cost price of a Tablet is Rs. 2000 less than the selling price of a Laptop and the selling price of the Tablet is 20% more than the cost price of the Laptop. If the selling price of the Tablet is 5% more than the that of the Laptop, then what is the profit percentage in selling the Laptop?

  1. 12.48%

  2. 18.42%

  3. 14.28%

  4. 16.28%

  5. Cannot be ascertained
Reveal answer Fill a bubble to check yourself
C Correct answer
AI explanation

Let the cost price and selling price of the laptop be CL and SL. The cost price of the tablet is SL minus 2000, and its selling price is 1.2 times CL. Since the selling price of the tablet is 1.05 times SL, we have 1.2 CL equals 1.05 SL. Substituting SL equals CL plus 2000 into the equation gives 1.2 CL equals 1.05 CL plus 2100, which means 0.15 CL equals 2100, so CL is 14000. The selling price of the laptop is 14000 plus 2000, which is 16000, so the profit percentage is (16000 minus 14000) divided by 14000 multiplied by 100 to equal 14.28 percent.

Keep practicing — related questions