## The marked price of an article is 60 percent more than its cost price. If 20 percent discount is given, then what will be the profit percentage?

Question: The marked price of an article is 60 percent more than its cost price. If 20 percent discount is given, then what will be the profit percentage? Answer: 1. 28 percent Solution: marked price= 1.6 times cost pricem=1.6 cs(selling price)= m-m(0.2)s=0.8 m = 0.8(1.6)cprofit = (s-c)/c=0.28percentage 28 percent