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    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?
    A 100% Correct Answer Incorrect Answer
    B 140% Correct Answer Incorrect Answer
    C 193% Correct Answer Incorrect Answer
    D 120% Correct Answer Incorrect Answer

    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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