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A man marks an article 60% above its cost price and sells it by giving two successive discounts of 25% and 5% on its marked price. What is…

3611Medium DSSSB TGT Computer Science 0 replies

A man marks an article 60% above its cost price and sells it by giving two successive discounts of 25% and 5% on its marked price. What is his profit percentage?

A14%
B20%
C30%
D16%

Correct answer: A

Explanation

Let CP = 100, so MP = 160. SP = 160 × 0.75 × 0.95 = 114. Profit = 14%.

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