Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:
Ashok buys a car at 20\% discount of the price and sells it at 20\% higher price. His percentage gain is
(a)20\%
(b)40\%
(c)50\%
(d)$66 \frac{2}{3} \%$
Answer
Answer (as printed): C
Explanation
Let the price of the car be ₹ 100. Then, C.P. $=80 \%$ of $₹ 100=₹ 80$. S.P. $=120 \%$ of ₹ $100=₹ 120$. Gain $=₹(120-80)=₹ 40$. $$\text { ∴ Gain\% }=\left(\frac{40}{80} \times 100\right) \%=50 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.