Multiple choice

The profit earned by selling an article at its marked price is double the loss incurred by selling it at 70% discount. Find the % profit if it is sold at a 20% discount.

  1. 12%

  2. 25%

  3. 40%

  4. 50%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100, MP = M. Profit at MP = M - 100. Loss at 70% discount (SP = 0.3M) = 100 - 0.3M. Given M - 100 = 2(100 - 0.3M). M - 100 = 200 - 0.6M => 1.6M = 300 => M = 187.5. Selling at 20% discount (SP = 0.8 * 187.5 = 150). Profit = 50%.

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