Multiple choice

Aafiyah Faathimah buys a magazine at a discount of 20%. At what percentage above the CP should she sell it to make a profit of 60% over the original list price?

  1. 100%

  2. 125%

  3. 150%

  4. 160%

  5. 230%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let the list price be 100. The cost price (CP) is 80 (20% discount). To make a 60% profit on the list price, the selling price must be 160. The required percentage above CP is ((160 - 80) / 80) * 100 = 100%.

AI explanation

Let the original list price be Rs. 100, so after a 20% discount, her cost price is Rs. 80. To make a profit of 60% over the original list price, she must sell it for Rs. 160. The required selling price of Rs. 160 is Rs. 80 above her cost price of Rs. 80, which equals an increase of (80/80)*100 = 100% above the cost price, giving a result of 100%.

Keep practicing — related questions