Multiple choice

If an article is marked 50% above the cost price. If discount of x% is given on the marked price of the article then final profit of 20% is obtained. Now if CP of a new article is 180 Rs. and x% profit is desired then what should be the selling price of that new article?

  1. 220

  2. 150

  3. 216

  4. 136

  5. 180
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = 100. MP = 150 (50% above CP). Selling at 20% profit means SP = 120. Discount = MP - SP = 150 - 120 = 30. Discount percentage = 30/150 × 100 = 20%, so x = 20. For new article with CP = 180 and x% profit: SP = 180 + 20% of 180 = 180 + 36 = 216.

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