Multiple choice

Nithisha bought a cooker and paid 5% less than the original cost. She sold it with 15% profit on the cost she had paid. What percentage of profit did Nithisha earn on the original cost?

  1. 9.25%

  2. 12.5%

  3. 15.75%

  4. 17.20%

  5. None of these
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A Correct answer
Explanation

Let original cost = 100. Nithisha paid 95. She sold it at 15% profit on 95, so selling price = 95 * 1.15 = 109.25. Profit on original cost = 109.25 - 100 = 9.25%.

AI explanation

Using the base value method, let the original cost be 100, making the price Nithisha paid 95. She sells it at a 15% profit on her cost price, so her selling price is 95 multiplied by 1.15, which equals 109.25. Comparing this to the original cost of 100, her profit percentage on the original cost is 9.25%.

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