Multiple choice

The marked price of an article is $20$% above the cost price. A discount of $10$% is allowed to a customer. the profit per cent is :

  1. $6%$
  2. $5%$
  3. $8%$
  4. $9%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the cost price be 100. The marked price is 120. A 10% discount on 120 is 12, so the selling price is 108. The profit is 108 - 100 = 8, which is 8%.

AI explanation

Let the cost price be Rs. 100, which makes the marked price Rs. 120 after adding the 20% markup. The selling price after a 10% discount on the marked price is 120 multiplied by 0.90, resulting in Rs. 108. The profit is 108 minus 100, which equals Rs. 8, meaning the profit percentage is 8%.

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