Multiple choice

An article is marked 20% over the cost. A discount of 8% is offered from the marked price of the article. What is profit percentage in selling the article

  1. 6.8%

  2. 8.2%

  3. 9.6%

  4. 10.4%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let the cost price be 100. The marked price is 120 (20% over cost). A discount of 8% on 120 is 9.6, so the selling price is 120 - 9.6 = 110.4. The profit is 110.4 - 100 = 10.4, which is 10.4%.

AI explanation

Let the cost price be Rs. 100, which makes the marked price Rs. 120 after a 20% markup. An 8% discount on Rs. 120 results in a selling price of Rs. 110.40. The profit equals 110.40 minus 100, yielding a profit percentage of 10.4%.

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