Question 79

The marked price of an article is 20% more than its cost price. If 5% discount is given on the marked price, then what is the profit percentage?

Solution

Let cost price = Rs. $$100x$$

=> Marked price = $$100x+(\frac{20}{100}\times100x)=Rs.$$ $$120x$$

Discount % = 5%

=> Selling price = $$\frac{(100-5)}{100}\times120x=Rs.$$ $$114x$$

$$\therefore$$ Profit % = $$\frac{(114x-100x)}{100x}\times100$$

= $$14\%$$

=> Ans - (B)

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