Multiple choice

Arun bought a suitcase with 30 percent discount on the labelled price and sold it with 20 percent profit on the labeled price. Approximately, what was his percentage profit on the price he bought?

  1. 70

  2. 85

  3. 65

  4. 50

  5. 45
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let labeled price be 100. Cost price = 70. Selling price = 120. Profit = 120 - 70 = 50. Profit % = (50 / 70) * 100 = 71.4%. Option A is the closest approximation.

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