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Question
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?
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?
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Solution
The correct option is D 60
Let labelled price = Rs.100
Jeevan brought at 30% discount =100−30
=70
12% profit on labelled price = 112
∴ Jeevan sold at Rs.112
Profit percentage =SP−CPCP×100
=112−7070×100
=60%
Let labelled price = Rs.100
Jeevan brought at 30% discount =100−30
=70
12% profit on labelled price = 112
∴ Jeevan sold at Rs.112
Profit percentage =SP−CPCP×100
=112−7070×100
=60%
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