Question 143
Mohan purchased a bag with 20 percent discount on the tab called price. He sold it with 40 percent profit on the price he bought. The percentage of profit on the labelled price is:
Solution
Let Marked price = Rs. 100
Discount % = 20%
=> Mohan's cost price = $$100-(\frac{20}{100}\times100)=Rs.$$ $$80$$
Profit % = 40%
=> Selling price = $$80+(\frac{40}{100}\times80)$$
= $$80+32=Rs.$$ $$112$$
$$\therefore$$ Percentage of profit on the labelled price = $$\frac{(112-100)}{100}\times100=12\%$$
=> Ans - (D)
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