A dealer bought an item at a discount of 10% on its original price. He sold it for an amount 35% more than the original price. What percentage of profit did he get?
Answer & explanation
Correct answer: option 2
Let the original price = 100
CP SP
100 - D% 100 + P%
100 - 10% 100 + 35%
90 135
Profit% = ( 135 - 90 ) × \(\frac{100}{90}\) = 50%