Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Peter bought an item at 20\% discount on its original price. He sold it with 40\% increase on the price he bought it. The new sale price is by what percent more than the original price?
(a)7.5
(b)8
(c)10
(d)12
(e)None of these
Answer
Answer (as printed): D
Explanation
Let the original price be ₹ 100. Then, C.P. $=₹ 80$. $$\text { S.P. }=140 \% \text { of } ₹ 80=₹\left(\frac{140}{100} \times 80\right)=₹ 112 .$$ ∴ Required percentage $=(112-100) \%=12 \%$.
Explanation as extracted from the printed page; notation may be imperfect.