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Mohan purchases a table at an MRP of Rs. 800, at a discount of 10%. If he sells it at Rs. 900, then the profit percentage is:

  1. A
    20% profit
  2. B
    25% profit
  3. C
    15% profit
  4. D
    30% profit

Solution & Step-by-step Explanation

Given:
MRP=Rs. 800
Discount=10%
The Cost Price (CP) for Mohan is the price after discount:

CP=800×(1−
100
10
​
)=800×
100
90
​
=Rs. 720
He sells the table at a Selling Price (SP) of Rs. 900.

Profit=SP−CP=900−720=Rs. 180
Profit Percentage=(
CP
Profit
​
)×100%
Profit Percentage=(
720
180
​
)×100%=
4
1
​
×100%=25%

Practice this question

Try it yourself before checking the explanation above.

Mohan purchases a table at an MRP of Rs. 800, at a discount of 10%. If he sells it at Rs. 900, then the profit percentage is:
A
20% profit
B
25% profit
C
15% profit
D
30% profit

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