New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A dishonest trader gains 5% while purchasing a

    refrigerator and again gains 5% while selling it. What is his overall profit percentage?
    A 12% Correct Answer Incorrect Answer
    B 10.5% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 9.5% Correct Answer Incorrect Answer

    Solution

    Let the actual price of refrigerator = ₹100

    CP of refrigerator = 100*95/100 = ₹95

    SP of refrigerator = 100*105/100 = ₹105

    Profit percentage = [(105 – 95)/95]*100 = 10.5%

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