Mohan purchased a bag with 20 percent discount on the labelled price He sold it with 40 percent prof...........

Quantitative Aptitude ( CCS) Profit and loss

Mohan purchased a bag with 20 percent discount on the labelled price. He sold it with 40 percent profit on the price he bought. The percentage of profit on the labelled price is:

छोटे Courses बड़े Results

Master Profit and loss

Prepare through Micro-courses

Try Now

Explanation:

Let the labelled price was 100.
So, his Cost Price = 100 - 20% of 100 = 80.
Now his selling price = 80 + 40% of 80 = 112.
profit on labeled price = 112 - 100 = 12.
%profit of labelled price = (12/100) * 100 = 12%.

Hence, option 3 is the correct answer.