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CDS 2024 · PYQ · Profit and Loss · easy

A person bought a book at 3/4th of its listed price and sold it at 50% more than its listed price. What is the percentage of gain in the transaction ?

Answer

The correct answer is D: 100%. Let listed price = 100. Cost price = 3/4 × 100 = 75.

  1. A.20%
  2. B.40%
  3. C.75%
  4. D.100%✓ Correct

Explanation

Let listed price = 100. Cost price = 3/4 × 100 = 75. Selling price = 100 + 50 = 150. Gain = 150 − 75 = 75. Gain% = (75/75) × 100 = 100%.
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