Question : The marked price of an article is $40$% more than its cost price. If a $20$% discount is given on the marked price, then what will be the profit percentage?
Option 1: $15$%
Option 2: $12$%
Option 3: $10$%
Option 4: $8$%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: $12$%
Solution :
Let the cost price be 100.
The marked price is 40% above the cost price = 140
Discount = 20%
$\text{Selling price} = \frac{100-\text{Discount}}{100}\times \text{marked price}$
⇒ $\text{Selling price} = \frac{100-20}{100}\times 140= \frac{80}{100}\times 140=112$
$\therefore$ Profit = Selling price – cost price = 112 – 100 = 12
So, the profit percentage $=\frac{\text{Profit}}{\text{Cost price}}\times 100=\frac{12}{100}\times 100 = 12$%
Hence, the correct answer is $12$%.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
