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The marked price of an article is 45% more than its cost price. If a discount of 20% is given, then what is the profit percentage?
- A16
- B12
- C14
- D13
Answer not set
Discussion 1
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CCommunity
Let the cost price (C.P.) of the given article = Rs. x
⇒ Marked price (M.P.) of the article = x + (45% of x) = Rs. 1.45x
Selling price (S.P.) of the article after a discount of 20% = 1.45x – (20% of 1.45x) = 0.8 × 1.45 = Rs. 1.16x
Profit = S.P. – C.P. = 1.16x – x = 0.16x = 16% of x
∴ Profit % = 16%
⇒ Marked price (M.P.) of the article = x + (45% of x) = Rs. 1.45x
Selling price (S.P.) of the article after a discount of 20% = 1.45x – (20% of 1.45x) = 0.8 × 1.45 = Rs. 1.16x
Profit = S.P. – C.P. = 1.16x – x = 0.16x = 16% of x
∴ Profit % = 16%