7 Views

Question : The marked price of an article is 40% more than its cost price. If a 10% discount is given, what is the profit percentage?

Option 1: 10%

Option 2: 20%

Option 3: 26%

Option 4: 32%


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 26%


Solution : Given:
The marked price of an article is 40% more than its cost price.
Let, the cost price be 100 units.
So, the marked price is (100 + 40% of 100) = 100 + 40 = 140 units
A discount of 10% on the marked price is given.
Hence, selling price is $140×\frac{90}{100}=126$ units
Profit = 126 – 100 = 26 units
Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}×100=\frac{26}{100}×100=26$%
Hence, the correct answer is 26%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books