14 Views

Question : A trader sells an article at 20 percent profit. If he buys it at half of the cost price and sells at the same selling price as before, then what will be the profit percentage?

Option 1: 240 percent

Option 2: 40 percent

Option 3: 140 percent

Option 4: 60 percent


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 140 percent


Solution : Let the cost Price of the article be Rs. 100
Selling Price of the article at 20% profit = Rs. 100 + Rs. 20 = Rs. 120
The new Cost Price of the article = Rs. 50
Selling Price = Rs. 120
Now Profit = Rs. 120–Rs. 50 = Rs. 70
Profit percentage = $\frac{\text{Profit}}{\text{Cost Price}}\times 100$%
⇒ Profit percentage = $\frac{70}{50}\times 100 = 140$%
Hence, the correct answer is 140 percent.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books