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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