XAT 2023 Profit & Loss Question (Medium)

Question

Rajnish bought an item at 25 discount on the printed price. He sold it at 10 discount on the printed price. What is his profit in percentage?

Optima Learn · Accepted Answer

Let the printed price be P. 1. Rajnish buys at a discount of 25 , so his cost price is P - 0.25P 0.75P. 2. He sells at a discount of 10 , so his selling price is P - 0.10P 0.90P. 3. Profit - 0.90P - 0.75P 0.15P. 4. Profit percentage on cost price is 0.75P times 100 20 . So, his profit percentage is

XAT 2023 Profit & Loss — Previous Year Question

XAT 2023

Quantitative

Profit & Loss

Medium

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