Question : Venus marked an article at 60% above its cost price, She sold it at a profit of 20%. Find the discount percentage offered in the article.
Option 1: 40%
Option 2: 15%
Option 3: 25%
Option 4: 75%
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 25%
Solution : Let the cost price be 100. Marked price = 100 + 60% of 100 = 100 + 60 = 160 Profit = 20% of 100 = 20 Selling price = cost price + profit = 100 + 20 = 120 Discount percentage = $\frac{\text{marked price – selling price}}{\text{marked price}}$ × 100 = $\frac{160 – 120}{160}$ × 100 = $\frac{40}{160}$ × 100 = $25\%$ Hence, the correct answer is 25%.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
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?
Question : Akshay has 30 articles, each having the same cost price. He marked the price of each article at 30% above its cost price. He sold 15 of the articles at a discount of 20% each, and the remaining 15 articles at a discount of 10% each, thereby gaining a total profit of Rs. 630.
Question : At what percentage above the cost price must a person mark the price of an article so that he can enjoy a 20% profit after allowing a 20% discount?
Question : The marked price of an article is 20 percent more than its cost price. If 10 percent discount is given on the marked price, then what will be the profit percentage?
Question : The marked price of a pen is 25% more than its cost price. The pen is sold for INR 220 after a discount of INR 30. What is the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile