Prof. Chatteijee bought a car and got 15% of its original price as a dealer's discount. He then sold it at 20% profit on his purchase price. What percentage profit did he get on the original price?

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INSURANCE EXAMS (GIC) 2011 click here to view all questions

Prof. Chatteijee bought a car and got 15% of its original price as a dealer's discount. He then sold it at 20% profit on his purchase price. What percentage profit did he get on the original price?

A$\text{2%}$

B$\text{12%}$

C$\text{5%}$

D$\text{17%}$

Nithin ? Aug 10 '2022 at 21:43

Correct answer is: \(\text{2%}\)

Explanation:

Gain percent

\(=\Large \left(20 - 15 - \frac{20 \times 15}{100}\right)\text{%}\)

\(\text{= 2%}\)

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Correct answer is: \(\text{2%}\) Explanation: Gain percent \(=\Large \left(20 - 15 - \frac{20 \times 15}{100}\right)\text{%}\) \(\text{= 2%}\) Nithin ? answered Aug 10 '2022 at 21:43 All Comments

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