Multiple choice

A trader used to make 5% profit on an item selling at usual marked price. One day, he trebled the marked price of the item and finally offered a discount of 30%. Find the percentage profit he made on the item that day.

  1. 94.5%

  2. 99.5%

  3. 100%

  4. 120.5%

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = 100. Marked Price (MP) = 105 (since 5% profit). New MP = 3 * 105 = 315. Discount = 30% of 315 = 94.5. Selling Price = 315 - 94.5 = 220.5. Profit = 220.5 - 100 = 120.5%.

AI explanation

Assuming a cost price of 100, the usual marked price is 105 to secure a 5% profit. By trebling the marked price to 315 and applying a 30% discount, the new selling price becomes 220.5, generating a profit of 120.5%.

Keep practicing — related questions