Question

Ashish bought an article with 20% discount on the
labelled price. He sold the article with 30% profit on
the labelled price. What was his percent profit on the
price he bought?
​

Answer 1

Answer:

Let labelled price = Rs.100

Jeevan brought at 30% discount =100−30

=70

12% profit on labelled price = 112

∴ Jeevan sold at Rs.112

Profit percentage =

CP

SP−CP

×100

=

70

112−70

×100

=60%

Answer 2

Given:

Discount=20%

Profit=30%

To find:

The percentage profit on the price he bought

Solution:

The percentage profit on the price he bought is 62.5%.

We can find the percentage by following the steps given below-

Let us assume that the labelled price of the article Ashish bought is Rs.100.

Discount on the labelled price=20%

Amount of discount=20% of Rs.100

=20/100×100

=Rs.20

The amount he bought the article for=labelled price-discount

=100-20

=Rs.80
Now, Ashish sold the article for 30% on the labelled price.

So, the amount of profit=30% of Rs.100

=30/100×100

=Rs.30
The selling price=labelled price+profit

=100+30

=Rs.130

We know that the profit percentage on the price he bought the article=(Amount of profit/Amount for which he bought the article)×100

=((130-80)/80)×100

=(50/80)×100

=5/8×100

=500/8

=62.5%

Therefore, the percentage profit on the price he bought is 62.5%.