Multiple choice

The marked price of a chair is ₹2,400, which is 20% above the cost price. If the chair is sold at a discount of 10% on the marked price, what is the profit percentage?

  1. 10%

  2. 8%

  3. 9%

  4. 26.2%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. MP = 120 (20% above CP). Discount = 10% on MP, so SP = 108. Profit = 8 on CP of 100 = 8%. Option B matches. Option A (10%) incorrectly ignores the 20% markup before discount. Option D (26.2%) miscalculates the markup.

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