Question : After giving a 40% discount on an article, there is still a profit of 20%. What will be the profit percentage when no discount is given?
Option 1: 60%
Option 2: 68%
Option 3: 78%
Option 4: 100%
Correct Answer: 100%
Solution :
Given: After giving a 40% discount on an article, there is still a profit of 20%.
Let the marked price be 100 units.
So, selling price = 100 – 40 = 60 units
Cost price = $\frac{100}{120}×60=50$ units
When no discount is given, profit will be (100 – 50) = 50
So, profit percentage = $\frac{50}{50}$ × 100 = 100%
So, when no discount is given, profit will be 100%.
Hence, the correct answer is 100%.
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