Question

The mp of an article is 30% higher than its cp and 20% discount is allowed on this article then the profit percentage? Select one: a. 25% b. 10% c. 4% d. 14%

Answer 1

The mp of an article is 30% higher than its cp and 20% discount is allowed on this article then the profit percentage? Select one: a. 25% b. 10% c. 4% d. 14%

let say cost price = C rs

marked price = C + (30/100)C = 1.3C rs

20% discount on MP = (20/100)×1.3C

= 0.26C

Selling price = Marked price - discount

= 1.3C - 0.26C

= 1.04C

Profit = Selling price - Cost price

= 1.04C - C

= 0.04C

Profit % = (0.04C/C) × 100 = 4%

option C - 4%

Answer 2

CP = 100

Discount =10% which can also be denoted as the 10% of MP =10% of 120 =12

MP = 100 + 20% of 100 = 120

SP = MP - Discount = 108

SP = 120 - 10% of 120 = 108

Gain = 108 - 100 = 8

%Gain = (8 *100)/100 = 8%.

100(CP) ==20 %(up)  

120(MP) ==10 % ( disc.)

108

% gain = 8%