A laptop retailer sells a laptop for ₹Q and earns a 25% profit. For a festive sale, he marks the same laptop at ₹1.4Q. During the sale, he offers a 15% discount. What will be his percentage profit during the festive offer?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 48.75%.
CP of laptop = Q × 100/125
⇒ 4Q/5 = 0.8Q
During festival season, SP = 1.4Q × 85/100
⇒ 1.19Q
Now, Profit = 1.19Q - 0.8Q = 0.39Q
Required percentage = (0.39Q/0.8Q) × 100
⇒ 100 × 0.4875 = 48.75%