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A bought an article, paying 5% less than the original price. A sold it with 20% profit on the price he had paid. What percent of profit did A earn on the original price?
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- 10%
- 13%
- 14%
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17 % 2
Correct Option: C
Here , a = 20% , b = 5%
We can find required profit % with the help of given formula ,
| Profit percent = |  | a - b - | a × b |  | % |
| 100 |
| Profit percent = | | 20 - 5 - | 20 × 5 | | % = 14 % |
| 100 |
Second Method to find required answer
Let original price of article = $ 100
C.P. = $ 95
| S.P. = | = $ 114 | 100 |
| ∴ Required gain percent = | × 100 = 14% | 100 |
