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?
- 28 percent
- 33 percent
- 30 percent
- 34 percent
Answer: 1. 28 percent
Solution:
marked price= 1.6 times cost price
m=1.6 c
s(selling price)= m-m(0.2)
s=0.8 m = 0.8(1.6)c
profit = (s-c)/c=0.28
percentage 28 percent