Question 108

The marked price of an article is 40% more than its cost price. If 10% discount is given, then what is the profit percentage?

Solution

Let cost price of article = Rs. $$100$$

=> Marked price after 40% markup = $$100+(\frac{40}{100}\times100)$$

= $$100+40=Rs.$$ $$140$$

Discount % = 10%

=> Selling price = $$140-(\frac{10}{100}\times140)$$

= $$140-14=Rs.$$ $$126$$

$$\therefore$$ Profit % = $$\frac{(126-100)}{100}\times100=26\%$$

=> Ans - (C)

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