An article passing through two hands is sold at a total profit of 40% of the original cost price. If the first dealer makes a profit of 30%, then the profit percentage made by the second dealer is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. %.
Let the original cost price of the article be 100x.
SP after overall 40% profit = 140% of 100x = 140x
Now, SP of first dealer = CP of second dealer = 130% of 100x = 130x
Now, SP of second dealer = 140x - 130x = 10x
Now, required profit percentage = (10x/130x) × 100
⇒ 100/13 = %