Question : The marked price of an article is 50% more than its cost price. If a 20% discount is given, then what will be the profit percentage?
Option 1: 20%
Option 2: 25%
Option 3: 30%
Option 4: 50%
Correct Answer: 20%
Solution :
Given: The marked price of an article is 50% more than its cost price.
Let the cost price be 100 units.
So, the marked price is 100 + 50 = 150
20% discount is given,
So, selling price is $\frac{100-20}{100}×150=120$
$\therefore$ Profit = (Selling Price – Cost Price) = 120 – 100 = 20
So, the profit percentage is 20%.
Hence, the correct answer is 20%.
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