Examveda
Examveda

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 = ?

A. 10

B. 13

C. 14

D. $$\frac{{17}}{2}$$

Answer: Option C

Solution(By Examveda Team)

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

This Question Belongs to Arithmetic Ability >> Profit And Loss

Join The Discussion

Related Questions on Profit and Loss