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Question : The marked price of an article is 20% more than its cost price. What is the profit percent if a 5% discount is given on the marked price?

Option 1: 5

Option 2: 14

Option 3: 15

Option 4: 25


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: 14


Solution : Let the cost price be Rs. 100.
So, the marked price = (100 + 20) = Rs. 120
After a 5% discount the selling price = (120 – 120 × $\frac{5}{100}$) = Rs. 114
Therefore, the Profit percentage = $\frac{114-100}{100}×100$ = 14%
Hence, the correct answer is 14.

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