Question 79

The marked price of an article is 40% more than its cost price. If 15% discount is given on the marked price, then what will be the profit percentage?

Solution

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

Markup % = 40%

=> Marked price = $$100x+(\frac{40}{100}\times100x)=Rs.$$ $$140x$$

Discount % = 15%

=> Selling price = $$\frac{85}{100}\times140x=Rs.$$ $$119x$$

$$\therefore$$ Profit % = $$\frac{(119x-100x)}{100x}\times100=19\%$$

=> Ans - (D)

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