Profit and Loss Practice Test 8

Question : 2 of 40

Marks: +1, -0

A bought an article, paying 5% less than the original price. A sold it with 20% profits it on the price he had paid. What per cent of profit did A earn on the original price?

10
13
14
$17 / 2$

Validate

Solution:

\table MP ,CP ,SP;100,100-{100×5}/100,95+{95×20}/100=114

Profit per cent

={SP-CP}/{CP}×100

={114-100}/100×100=14%

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