Question
A person earn 18% profit on the marked price. If he
quadruple 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 = 18% of 100x = Rs 18x
Cost price = 100x – 18x = Rs 82x
New marked price = 100x × 4 = Rs 400x
Selling price = (100 – 40) % of 400x = 60% of 400x = Rs 240x
The reqd. profit % = (240x – 82x)/82x × 100 = 193% ( approx )
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