7 Views

Question : The marked price of an article is 40% more than its cost price. If a 25% discount is given, what will be the profit percentage?

Option 1: 12.5%

Option 2: 10%

Option 3: 15%

Option 4: 5%


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 5%


Solution : Given: The marked price is 40% more than the cost price and the discount is 25%.
Let the cost price (CP) be $100x$.
Then, the marked price(MP) is $140x$.
Selling price after giving a discount of 25% = $\text{MP}\times \frac{100-\text{Discount%}}{100}$
= $140x\times \frac{100-25}{100}$
= $140x\times \frac{75}{100}$
= $105x$
So, the profit percentage $=\frac{\text{SP-CP}}{\text{CP}}\times 100$%
= $\frac{105x-100x}{100x}\times 100 = 5$%
Hence, the correct answer is 5%.

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