Question
Quantitative Ability and Data Interpretation Question on Percentage
Rajnish bought an item at 25% discount on the printed price. He sold it at a 10% discount on the printed price. What is his profit in percentage?
A
10
B
15
C
17.5
D
20
E
None of the above
Answer
20
Explanation
Solution
Let the printed price be ₹100x
Rajnish bought at ₹100x(1-25/100) = ₹75x
He sold it at ₹100x(1-10/100) = ₹90x.
Profit in percentage = 90x - 75x/75x x 100 = 1/5 x 100 = 20%
Hence, option D is the correct answer.