A person buys a bag at 25% discount on its original price. After few…

Question

A person buys a bag at 25% discount on its original price. After few days, he sells it to his friend at 40% increase on the original price. What is his profit percentage (approx) ?

Accepted Answer

Option C. 87%. Answer & Solution Answer: Option C Solution: Let original price is 100 SP1 = 75 SP2 = 140 & Profit \% = 140 - 7575 × 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 6575 × 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 87\%