Question : 20 percent of the marked price is equal to 50 percent of the cost price. If no discount is given, then what will be the profit percentage?
Option 1: 120%
Option 2: 150%
Option 3: 125%
Option 4: 100%
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Correct Answer: 150%
Solution :
Given, 20% of Marked Price = 50% of Cost Price
⇒ $\frac{MP}{CP} = \frac{5}{2}$
Let, MP $= 5k$
CP $= 2k$
If no discount is given,
Profit = $5k–2k = 3k$
Profit% = $\frac{3k}{2k}\times 100 = 150$%
Hence, the correct answer is 150%.
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