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    Question

    A man bought an article at 30% less of the marked price and sold it at 12% more than the marked price. Find the profit earned by him.

    A 55% Correct Answer Incorrect Answer
    B 60% Correct Answer Incorrect Answer
    C 45% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer

    Solution

    Let the marked price be Rs. 100
    ∴ cost price = 100 - 30 = 70
    And, selling price = 100 + 12 = 112
    Profit = 112 - 70 = 42
    Profit % = 42/70 x 100 = 60%

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