Question
Download Solution PDFKiran buys an article at 12% below its cost and sells it at 12% above its cost. Find his profit percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
CP = 12% below its cost
SP = 12% above its cost
Calculation :
Let the CP be 100.
So, Real CP = 88
Real SP = 112
Profit = 112 - 88 = 24
⇒ 24/88 × 100 = 2400/88
⇒ 27.27%
∴ The correct answer is 27.27%.
Last updated on Jan 23, 2025
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