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

    Question

    The ratio of the cost price to the marked price of an

    article is 2:5 and the ratio of the profit percentage to the discount percentage is 5:3. Find the profit percentage.
    A 40% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CP:MP = 2x:5x Profit = MP – CP = 5x – 2x = 3x Profit% : Discount% = 5:3 Let CP = 200 and SP = (2x + 5x = 5x) = 500 According to question, => (5x/100) × 200 + (3x/100) × 500 => 10x + 15x = 25x => 25x ----100 => x = 4% Profit % = 5 × 4% = 20%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question