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?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 50%
Concept Used :
Profit = S.P. - C.P.
Let the original price of the item be 100.
Given that, C.P. = 10% less than original price.
i.e. C.P. = 90
Also, Given that S.P. = 35% more than original price.
i.e. S.P. = 135
So, Profit = 135 - 90 = 45
Now, Profit % = (Profit/C.P.) × 100
Profit % = (45/90) × 100
Profit % = 100/2 = 50
Hence the required profit percentage is 50%.