Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2007 · Marks: · Difficulty:
Raman bought a camera and paid 20\% less than its original price. He sold it at 40\% profit on the price he had paid. The percentage of profit earned by Raman on the original price was
(a)12
(b)15
(c)22
(d)32
Answer
Answer (as printed): A
Explanation
Let the original price of the camera be ₹ 100. Discounted price $=₹ 80$. Profit $=40 \%$. $$\therefore \quad \text { S.P. }=140 \% \text { of } ₹ 80=₹\left(\frac{140}{100} \times 80\right)=₹ 112 .$$ So, profit percentage on original price $=(112-100) \%=12 \%$.
Explanation as extracted from the printed page; notation may be imperfect.