Profit and Loss Practice Test 2

Question : 2 of 40

Marks: +1, -0

Saurabh bought a microwave oven and paid 10% less than the marked price. He sold it with 30% profit on the price he had paid. Find the profit which Saurabh earns on the marked price.

Validate

Solution:

Let marked price = Rs. 100; then C.P. for Saurabh = Rs. 90
Since, S.P. for Saurabh =

130/100 × 90

= Rs. 117
Required profit percentage = 117 – 100 = 17%

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