Question
A person earn 40% profit on the marked price. If he
doubled the marked price but gave 40% discount on the new marked price then how much percentage of profit did he gain?Solution
Let the marked price = Rs. 100x then profit = 40% of 100x = Rs 40x Cost price = 100x – 40x = Rs 60x New marked price = 100x × 2 = Rs 200x Selling price = (100 – 40) % of 200x = 60% of 200x = Rs 120x The reqd. profit % = (120x – 60x)/60x × 100 = 100%
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