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A bought an article paying 5 less than the original price...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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A bought an article, paying 5% less than the original price. A sold it with 20% profit on the price he had paid. What percent of profit did A earn on the original price = ?

Answer & Solution
Correct Answer: Option C
$$\eqalign{ & {\text{Real}}\,{\text{Price}} = 100 \cr & {\text{CP}} = 95 \cr & {\text{SP}} = 95 \times \frac{{120}}{{100}} \cr & \,\,\,\,\,\,\,\,\, = 114 \cr & \therefore {\text{Profit}}\% = 14\% \cr} $$
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