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    Question

    A discount of 20% was offered on a product. If the product

    was marked 75% above the cost price, find the profit percentage.
    A 30% Correct Answer Incorrect Answer
    B 70% Correct Answer Incorrect Answer
    C 65% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product be Rs. '100x'

    So, marked price of the product = 100x ├Ч 1.75 = Rs. '175x'

    And selling price of the product = 175x ├Ч 0.80 = Rs. '140x'

    So, required percentage = {(140x - 100x) / 100x} ├Ч 100 = 40%

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