Multiple choice

Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was

  1. 22%

  2. 32%

  3. 12%

  4. 15%

  5. 0
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the original price be 100. Krishnan paid 80 (20% less). He sold it at 40% profit on his cost, so 80 * 1.4 = 112. The profit on the original price is 112 - 100 = 12%.

AI explanation

Assume the original price is 100, so Krishnan paid 80. He sold it at a 40% profit on his cost price, making the selling price 112. Comparing this selling price to the original price of 100, his profit is 12, which equals a profit percentage of 12%.

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