Multiple choice

Rajnish bought an item at 25% discount on the printed price. He sold it at 10% discount on the printed price. What is his profit in percentage?

  1. 10

  2. 15

  3. 17.5

  4. 20

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let the printed price of the item be Rs. 100. Rajnish buys it at a 25% discount, making his cost price Rs. 75. He then sells it at a 10% discount on the printed price, making his selling price Rs. 90. His profit is Rs. 90 - Rs. 75 = Rs. 15, which represents a profit percentage of (15 / 75) * 100 = 20%.

AI explanation

Assume the printed price is Rs. 100, making Rajnish's cost price Rs. 75 after the 25% discount. He sells it at a 10% discount on the printed price, so his selling price is Rs. 90. Using the profit percentage formula, (Profit / Cost Price) x 100, his profit is 15, which gives (15 / 75) x 100 = 20%.

Keep practicing — related questions