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Profit Percentage on Discounted Item

XAT 2023 · Quantitative Ability & Data Interpretation · Easy · Profit and Loss

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Rajnish bought an item at 25% discount on the printed price. He sold it at 10% discount on the printed price. What is his profit in percentage?

  1. A.

    10

  2. B.

    15

  3. C.

    17.5

  4. D.

    20

  5. E.

    None of the above

Answer

D

Explanation

Let printed price = 100. CP = 100−25=75100 - 25 = 75. SP = 100−10=90100 - 10 = 90. Profit = 90−75=1590 - 75 = 15. Profit percentage = 1575×100%=20%\frac{15}{75} \times 100\% = 20\%.

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