Multiple choice

A furniture store buys a dining table for $450 and marks it up by 50% before offering a discount of 20% on the marked price. What is the profit percentage on the table after the discount?

  1. 10%

  2. 15%

  3. 20%

  4. 25%

  5. 30%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

CP = 450. Marked Price = 450 * 1.5 = 675. Discount = 20% of 675 = 135. SP = 675 - 135 = 540. Profit = 540 - 450 = 90. Profit % = (90 / 450) * 100 = 20%.

AI explanation

The marked price is calculated by adding a 50% markup to the \$450 cost price, resulting in \$675. Applying the successive discount formula, the final selling price becomes \$675 multiplied by 0.80, which is \$540. The profit is $540 minus $450, equaling $90. The profit percentage is (90 / 450) * 100, resulting in 20%.

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