Question 109
After giving 40% discount on an article there is still a profit of 20%. What will be the profit percentage when no discount is given?
Solution
Given, after giving 40% discount on an article there is still a profit of 20%. It can be written as,
60% of MRP = 120 % of CP
MRP = 2CP
Now, if CP is 100% then MRP would be 200%. This implies that there will be 100% profit when no discount is given.
Hence, option D is the correct answer.
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