Question

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?

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Answer 1

Answer:

he got 60%discount on selling

Step-by-step explanation:

20%+40%=60%

Answer 2

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□Let Innitial CP be "p"

&

He bought it for 0.8p ( 20% discount)

He sold it at 1.5 × 0.8p = 1.2p ( 50% increase in price)

% Profit = ( 1.2p - p ) / p = 0.2 = 20%

□Let's use numbers to prove this..

Initial Price = $100

He bought it for $80 ( 20% discount)

He bought it at 1.5 × 80 = $120

%profit = (120-100)/100 = 20%

•°• $\bf\large\blue{20 \:Percent \:Profit\: he\: made\: on\: the\: original \:Price}$