Question 52
Marked price of an article is 60% more than its cost price. If the article is sold at a profit of 20%, then what will be the discount percentage?
Solution
Let the Cost Price be Rs.100x
Then, Marked Price = 160% of 100x = Rs.160x
Given, Profit = 20%
Selling Price = 120% of Rs.100x = Rs.120x
Discount percentage = $$\dfrac{160x - 120x}{160x} \times 100 = \dfrac{40x}{160x}\times100 = 25$$%
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