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?

  1. 28 percent
  2. 33 percent
  3. 30 percent
  4. 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

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