Question

Paul buys a radio at 20% discount and sells it for 20% more than its value. What will be his % profit?

Answer 1

Dear Student,

● Answer -

Paul's profit = 50 %

◆ Explaination -

Let X be original price of radio.

Now cost price will be -

CP = X × (100-20)/100

CP = 0.8X

Also selling price will be -

SP = X × (100+20)/100

SP = 1.2X

So profit is calculated by -

Profit = (SP-CP)/CP × 100

Profit = (1.2X-0.8X)/0.8X × 100

Profit = 0.4X/0.8X × 100

Profit = 50 %

Therefore, Paul's profit will be 50 %.

Thanks dear. Hope this helps you..