A notebook was sold for Rs. 28 with a profit of 12%. If it had been sold for Rs. 26.25, then what would have been the profit percentage?

Question

Question

This question was previously asked in

SSC CGL 2023 Tier-I Official Paper (Held On: 24 Jul 2023 Shift 3)

Answer 1

Given:

Selling price of notebook = Rs 28

Profit Percentage = 12%

New selling price of notebook = 26.25

Concept Used:

Cost Price = (100/100 + profit%) × Selling price

Profit % = (Profit/C.P) × 100 $\frac{� � � � � �}{� �} \times 100$

Calculation:

Cost Price of pen = (100/100 + 12%) × 28

Cost Price of pen = ( 25/28)× 28

= 25 Rs

When the pen is sold at Rs 26.25,

⇒ Profit = Selling Price – Cost Price

⇒ Profit = 26.25 – 25 = Rs 1.25

⇒ So, Profit % =(1.25/25) × 100

⇒ 5%

The profit percentage will be 5%.