Multiple choice

After giving a 40% discount on an article, there is still a profit of 20% made. What will be the profit percentage when no discount is given?

  1. 60%

  2. 68%

  3. 78%

  4. 100%
Reveal answer Fill a bubble to check yourself
D Correct answer
AI explanation

Let the cost price be 100, making the selling price after a 20% profit equal to 120. Since a 40% discount on the marked price gives the selling price of 120, the marked price is 120 divided by 0.60, which is 200. Selling the article at the marked price of 200 against a cost of 100 results in a 100% profit.

Keep practicing — related questions