Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Samant bought a microwave oven and paid 10\% less than the original price. He sold it with 30\% profit on the price he had paid. What percentage of profit did Samant earn on the original price?
(a)17\%
(b)20\%
(c)27\%
(d)32\%
(e)None of these
Answer
Answer (as printed): A
Explanation
Let original price $=₹ 100$. Then, C.P. $=₹ 90$, S.P. $=130 \%$ of $₹ 90=₹\left(\frac{130}{100} \times 90\right)=₹ 117$. $$\text { ∴ } \text { Required percentage }=(117-100) \%=17 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.