Rohit bought an article at 25 percent discount on labelled price He again sells the article at 20 pe...........

Quant (SSC) Profit and loss

Rohit bought an article at 25 percent discount on labelled price. He again sells the article at 20 percent on labelled price. Find the percent profit earned by rohit in whole transaction

30%

40%

50%

60%

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Explanation:

Let labelled price is 100.
Rohit bought it for 75 after getting 25% discount.
Now he sells the article at (120/100)*100 = 120.
So % profit he earns = (45/75)*100 =60