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Rohit bought an article at 25 percent discount on labelled price. He again sells the article at 20 percent on labelled price. Find the percent profit earned by rohit in whole transaction
- a)30%
- b)40%
- c)50%
- d)60%
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Rohit bought an article at 25 percent discount on labelled price. He a...
Let labelled price is 100. Rohit bought it for 75 after getting 25% discount.
Now he sells the article at (120/100)*100 = 120. So % profit he earns = (45/75)*100 =60
Now he sells the article at (120/100)*100 = 120. So % profit he earns = (45/75)*100 =60
Most Upvoted Answer
Rohit bought an article at 25 percent discount on labelled price. He a...
Let labelled price is 100. Rohit bought it for 75 after getting 25% discount.
Now he sells the article at (120/100)*100 = 120. So % profit he earns = (45/75)*100 =60
Now he sells the article at (120/100)*100 = 120. So % profit he earns = (45/75)*100 =60
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Community Answer
Rohit bought an article at 25 percent discount on labelled price. He a...
Given:
Rohit bought an article at a 25% discount on the labeled price.
He sold the article at a 20% discount on the labeled price.
To find:
The percent profit earned by Rohit in the whole transaction.
Assumption:
The labeled price is the original price of the article.
Solution:
Let's assume the labeled price of the article is 100 units.
Step 1: Buying the article
Rohit bought the article at a 25% discount on the labeled price.
So, he paid 75 units for the article (100 - 25% of 100).
Step 2: Selling the article
Rohit sold the article at a 20% discount on the labeled price.
So, the selling price of the article is 80% of the labeled price.
The selling price of the article = 80% of 100 units = 80 units.
Profit Calculation:
Profit = Selling Price - Cost Price
Cost Price = Buying price = 75 units
Selling Price = 80 units
Profit = 80 - 75 = 5 units
Profit Percentage:
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (5 / 75) * 100 = 6.67%
Hence, the percent profit earned by Rohit in the whole transaction is approximately 6.67%.
Conclusion:
The correct answer is option 'D' - 60%.
Rohit bought an article at a 25% discount on the labeled price.
He sold the article at a 20% discount on the labeled price.
To find:
The percent profit earned by Rohit in the whole transaction.
Assumption:
The labeled price is the original price of the article.
Solution:
Let's assume the labeled price of the article is 100 units.
Step 1: Buying the article
Rohit bought the article at a 25% discount on the labeled price.
So, he paid 75 units for the article (100 - 25% of 100).
Step 2: Selling the article
Rohit sold the article at a 20% discount on the labeled price.
So, the selling price of the article is 80% of the labeled price.
The selling price of the article = 80% of 100 units = 80 units.
Profit Calculation:
Profit = Selling Price - Cost Price
Cost Price = Buying price = 75 units
Selling Price = 80 units
Profit = 80 - 75 = 5 units
Profit Percentage:
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (5 / 75) * 100 = 6.67%
Hence, the percent profit earned by Rohit in the whole transaction is approximately 6.67%.
Conclusion:
The correct answer is option 'D' - 60%.
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Rohit bought an article at 25 percent discount on labelled price. He again sells the article at 20 percent on labelled price. Find the percent profit earned by rohit in whole transactiona)30%b)40%c)50%d)60%e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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