Krishna bought a computer and paid 25% less than its original price. He sold it at 48% profit on the price he had paid. Find the percentage of profit earned by Krishna on the original price.
- A11%
- B12%
- C13%
- D10%
Solution & Step-by-step Explanation
Let the original price of the computer be Rs. 100.
Krishna paid 25% less than the original price:
Cost Price (CP) for Krishna=100−25=Rs. 75
He sold it at a 48% profit on his cost price:
Selling Price (SP)=75×(1+
100
48
)=75×1.48=Rs. 111
Profit earned by Krishna relative to the original price:
Profit on Original Price=SP−Original Price=111−100=11
Profit Percentage=
100
11
×100%=11%
Krishna paid 25% less than the original price:
Cost Price (CP) for Krishna=100−25=Rs. 75
He sold it at a 48% profit on his cost price:
Selling Price (SP)=75×(1+
100
48
)=75×1.48=Rs. 111
Profit earned by Krishna relative to the original price:
Profit on Original Price=SP−Original Price=111−100=11
Profit Percentage=
100
11
×100%=11%