LIC AAO Model Paper 1

Question : 46 of 160

Marks: +1, -0

Prof. Chatterjee bought a car and got 15% of its original price as a dealer's discount. He then sold it at 20% profit on his purchase price. What percentage profit did he get on the original price ?

2%
12%
5%
17%
None of these

Validate

Solution:

Gain percent =

(20-15 - {20×15}/{100})

% = 2%

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