An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer? MCQ with Answer and Explanation
An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 15%, what is the profit percentage made by the second dealer?
A. 23%
B. 25%
C. 22%
D. 20%
Answer: Option D
Solution (By JKSSB Mock Tests)
Let original Cost Price = 100. Final Selling Price = 138. First dealer's Selling Price = 115. Second dealer buys at 115 and sells at 138. Profit = 138 - 115 = 23. Profit percentage = (23 / 115) * 100 = 20%.
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