Multiple choice

Jeevan bought an article with 30 percent discount on the labelled price . He sold the article with 12 percent profit on the labelled price what was his percent profit on the price he bought?

  1. $40$
  2. $50$
  3. $60$

  4. Data inadequte
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let MP = 100. CP = 70 (30% discount). SP = 112 (12% profit on MP). Profit = 112 - 70 = 42. Profit % = (42 / 70) * 100 = 60%.

AI explanation

Assume the labelled price is Rs. 100, so Jeevan's cost price after a 30% discount is Rs. 70. He sells it for a 12% profit on the labelled price, making the selling price Rs. 112. Using the profit percentage formula on his cost price, the profit is (42 / 70) * 100, resulting in a 60% profit.

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