Question : An article is marked at 100% above its cost price. After allowing two successive discounts of 5% and 20% respectively on the marked price, it is sold at $x$% profit. What is the value of $x$?
Option 1: 48
Option 2: 75
Option 3: 72
Option 4: 52
Correct Answer: 52
Solution :
Given: An article is marked at 100% above its cost price.
After allowing two successive discounts of 5% and 20% respectively on the marked price, it is sold at $x$% profit.
Use the formula, Profit percentage = $\frac{\text{SP – CP}}{\text{CP}}\times 100$, where $SP$, $CP$ are the selling price and the cost price.
Let the CP of the article be INR 100.
The marked price of the article = $\frac{200}{100}\times 100$ = INR 200
The SP of the article after the two discount = $200\times \frac{95}{100}\times \frac{80}{100}$ = INR 152
The required percentage $=\frac{152-100}{100}\times 100=\frac{52}{100}\times 100=52$%
Hence, the correct answer is 52.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
