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    Question

    The cost price of an item is 60%

    less than its marked price, which is 50% more than its selling price. What is the profit percentage earned on selling the item? Round off your answer to two decimal places.
    A 55.55% Correct Answer Incorrect Answer
    B 66.67% Correct Answer Incorrect Answer
    C 47.45% Correct Answer Incorrect Answer
    D 22.26% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the selling price of the item be Rs. 6z. So, the marked price of the item = 1.5 × 6z = Rs. 9z. And, the cost price of the item = 0.4 × 9z = Rs. 3.6z. Profit earned = 6z - 3.6z = Rs. 2.4z. Therefore, the required profit percentage = (2.4z / 3.6z) × 100 = 66.67%.

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