Question

The marked price of an article is 50% more than its
cost price. If 20% discount is given, then what will
be the profit percentage?
(A) 20
(C) 30
(B) 25
(D) 50​

Answer 1

Answer:

250

Step-by-step explanation:

Given,

MP = 300

Marked price was 50% above the cost price.

So,

CP = 200 [As 200 + 50% of 200 = 300]

Let the SP was X.

New MP = 300 + 20% of 300 = 360.So,

New SP = X +20% of X = 1.2X

Now, according to question,

1.2X -200 = 2*(X -200)

1.2X - 200 = 2X - 400

0.8X = 200

X = 250.

Thus, original selling price was Rs. 250.