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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%


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

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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