7. A dealer bought a horse at 20% discount on its original price. He sold it at a 40% increase on the original price. What percentage of profit did he get ? ns. [50%]
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His Profit is 75%
Step-by-step explanation:
Assume original price is 100
He bought at 20% discount, So
C
His cost price = 100 - 100 × 20/100 = 80
His sold at 40% increase on the original price, so
His selling price = 100 + 100× 40/100 =140
Profit = S.P - CP = 140 - 80 = 60
Profit % = 60/80 × 100 = 75%
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