Symbiosis National Aptitude Test SNAP 2012 Paper

Question : 13 of 150

Marks: +1, -0

By selling 12 notebooks, the seller earns a profit equal to the selling price of two notebooks. What is his percentage profit?

25%
20%
16 $2/3 %$
Data inadequate

Validate

Solution:

Let x be the selling price of 1 notebook.
∴ Selling price of 2 note book = 2x = profit
As, we know, profit = selling price – cost price
∴ Cost price of 12 note book = 12x – 2x = 10 x
∴ Profit ( percentage) =

{2x}/{10x}

× 100 = 20%

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