📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The price of an article marked at 25% above cost price

    is sold at a profit of 20%. If it were to be sold at a discount of 20%, ind the percentage decrease in the selling price.
    A 11.3% Correct Answer Incorrect Answer
    B 5.9% Correct Answer Incorrect Answer
    C 22% Correct Answer Incorrect Answer
    D 16.66% Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be x. Marked price = x + 0.25x = 1.25x Now, 0.20 = (SP – x)/x SP = 1.20x SP = 1.25x × 0.80 = 1x Change in SP = (1.20x – 1x) × 100 ÷ 1.20x = 16.66%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question