Question

Anil Kumar sold an article to Rajat for ₹15,000 by losing 25%. Rajat sells it to David at a price that would have given Anil Kumar a profit of 5%. The profit percentage earned by Rajat is:

• A. 25%
• B. 40%
• C. 47%
• D. 30%

Answer 1

Answer:

B. 40%

Cost price for Rajat = 15000 × (100/(100 - 25)) = 20000 5% profit on Rs. 15000 = 20000 × (100 + 5)/100 = Rs. 21000 Profit % earned by Rajat = (21000 - 15000)/15000 × 100 = 40%