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The marked price of an article is 60% more than its cost price. If the article is sold for Rs. 300 after offering a discount of Rs. 20, then what will be the profit percentage?
- A40
- B50
- C25
- D45
Answer not set
Discussion 1
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CCommunity
SP of the article = 300
MP of the article = 300 + 20 = 320
Let CP of the article = 100%
MP of the article = 100% + 60% = 160%
⇒ 160% ≡ Rs. 320
⇒ (CP) = 100% ≡ Rs. 200
∴ Profit % = (200 - 100)/200 × 100 = 50%
MP of the article = 300 + 20 = 320
Let CP of the article = 100%
MP of the article = 100% + 60% = 160%
⇒ 160% ≡ Rs. 320
⇒ (CP) = 100% ≡ Rs. 200
∴ Profit % = (200 - 100)/200 × 100 = 50%