Question
Download Solution PDFThe marked price of an article is 150 percent of the cost price. If 20 percent discount is given, then what will be the profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Marked price is 150% of the cost price
Discount given is 20%
Concept:
Profit percentage is calculated as (Selling price - Cost price)/Cost price × 100%
Solution:
Selling price after discount = 150% - 20% of 150% = 150% - 30% = 120%
Profit percentage = (Selling price - Cost price)/Cost price × 100% = (120% - 100%)/100% × 100% = 20%
Therefore, the profit percentage is 20%.
Alternate MethodMP/CP = (100 + profit%)/(100 - loss%)
150/100 = (100 + p)/80 ⇒ P = 120 -100 = 20%
Last updated on Jun 26, 2025
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