📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A trader marks his goods 50% above cost price. During a

      festival sale he offers a discount of 20% on the marked price and still makes a profit. If instead he had given a discount of 10% on the marked price, what would have been his overall profit percentage (on cost price)?
      A 35% Correct Answer Incorrect Answer
      B 25% Correct Answer Incorrect Answer
      C 45% Correct Answer Incorrect Answer
      D 60% Correct Answer Incorrect Answer

      Solution

      ATQ, Let cost price = 100. Marked price = 150. Case 1 (20% discount): Selling price = 150 × 0.8 = 120 ⇒ profit = 20%. Case 2 (10% discount): Selling price = 150 × 0.9 = 135. Profit% = (135 − 100)/100 × 100 = 35%.

      Practice Next
      More Profit and loss Questions
      ask-question