Question : The marked price of a pen is 25% more than its cost price. The pen is sold for INR 220 after a discount of INR 30. What is the profit percentage?
Option 1: 10%
Option 2: 15%
Option 3: 20%
Option 4: 17.5%
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Correct Answer: 10%
Solution : Given: Selling price = INR 220 Profit = INR 30 Let the cost price be $x$. Then, Marked price = $1.25x$ We know that, Marked price = selling price + discount ⇒ $\frac{125x}{100}=220+30$ ⇒ $x = 200$ Cost price = INR 200 Profit = selling price – cost price = 220 – 200 = 20 Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100$ = $\frac{20}{200}\times 100$ = 10% Hence, the correct answer is 10%.
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