A notebook was sold for Rs.28 with a profit of 12%. If it had been sold for Rs.26.25, then what would have been the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 5%.
SP = Rs. 28
Profit percentage = 12%
CP = (100/112) × 28 = 25
New SP = 26.25
Profit = 26.25 - 25 = 1.25
Profit percentage = (1.25/25) × 100 = 5%
Therefore, if the notebook had been sold for Rs. 26.25, the profit percentage would have been 5%.