Multiple choice

Richa bought an article at four-fifth of its marked price an sold it at 20% more than its marked price. What is the profit percent of Richa?

  1. 50

  2. 40

  3. 30

  4. 25

  5. 45%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let marked price = 100. Cost price = 4/5 × 100 = 80. Selling price = 100 + 20% of 100 = 120. Profit = 120 - 80 = 40. Profit percent = (40/80) × 100 = 50%. The key is calculating the difference between selling at 120% of marked price while buying at 80% of marked price.

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