-
Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was
-
- 22%
- 32%
- 12%
- 15%
Correct Option: C
Let the original price be y.
If Krishnan paid 20% less than its original price ,
| ( 100 - 20 )% of x = | × y = $ | 100 | 5 |
| Selling Price ( SP ) = | × | 5 | 100 |
| SP = $ | 25 |
| Gain on original price = | - y = | | 25 | 25 |
| ∴ Gain % = | × 100 = 12% | 25y |
