Multiple choice

A trader marks his goods at $50 \%$ above the cost price but allows a discount of $20 \%$ on the marked price. The profit per cent is.

  1. $15$
  2. $25$
  3. $20$
  4. $10$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = 100. Marked Price = 150. Discount = 20% of 150 = 30. Selling Price = 150 - 30 = 120. Profit = 120 - 100 = 20%.

AI explanation

Assume the cost price is 100, making the marked price 150 after the 50 percent increase. Applying the 20 percent discount on the marked price gives a selling price of 120. The profit is calculated as 20, which gives a profit percentage of 20 percent. The answer is 20 percent.

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