A dealer bought an item at a discount of 10 on its original price He sold it for an amount 35 more t...........

Quantitative Aptitude (MTS) Profit and loss

A dealer bought an item at a discount of 10% on its original price. He sold it for an amount 35% more than the original price.

What percentage of profit did he get?

This questions was previously asked in

SSC MTS 19th July 2022 Shift-3

42.5%

50%

62.5%

57.5%

Let's break down the scenario in simple terms:

- The dealer bought an item at a 10% discount. This means he paid 90% of the original price.

- He later sold the item for 35% more than the original price.

Let's calculate the percentage of profit:

1. Original Price = $100 (assumption for simplicity):

- Cost Price for Dealer = 90% of $100 = $90.

- Selling Price = 135% of $100 = $135.

2. Profit = Selling Price - Cost Price = $135 - $90 = $45.

2. Percentage of Profit = (Profit / Cost Price) * 100 = ($45 / $90) * 100 = 50%.

- Option 1: 42.5% - Incorrect.

- Option 2: 50% - Correct Answer.

- Option 3: 62.5% - Incorrect.

- Option 4: 57.5% - Incorrect.

. The correct percentage of profit is 50%.

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