Multiple choice

A man keeps the marked price of an article 40% more than the cost price and offers 20% discount on the marked price. Calculate his profit percentage.

  1. 20%

  2. 12%

  3. 60%

  4. 21%

  5. 1.2%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP = 100. Marked Price = 140. Discount = 20% of 140 = 28. Selling Price = 140 - 28 = 112. Profit = 112 - 100 = 12%.

AI explanation

Let the cost price be Rs. 100, which makes the marked price 140% of 100, or Rs. 140. Applying a 20% discount on the marked price gives a selling price of 140 multiplied by 0.80, which equals Rs. 112. The profit is Rs. 12 on the cost price of Rs. 100, resulting in a profit percentage of 12%. The correct option is B.

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