A trader increases the marked price of an article by 40% on cost and sells it after allowing a 20% discount on the marked price. Find his profit percentage.
Given:
Markup percentage = 40%
Discount percentage = 20%
Formula Used:
Profit % = Markup % - Discount % -
Solution:
Let the Cost Price be 100.
Marked Price = 100 + 40 = 140
Discount = 20% of 140 = 28
Selling Price = 140 - 28 = 112
Profit = Selling Price - Cost Price = 112 - 100 = 12
Profit percentage = 12%
Alternatively, using the successive percentage formula:
Profit % = 40 - 20 -
= 20 - 8 = 12%
Final Answer
So the correct answer is (c)
English
25 Questions
100 Marks
20 Mins English English50 Questions200 Marks30 Mins English English150 Questions600 Marks135 Mins EnglishWhich of the following successive discounts is better for a customer?
a. 20%,15%,10%
b. 25%,12.5%,10%
A trader increases the marked price of an article by 40% on cost and sells it after allowing a 20% discount on the marked price. Find his profit percentage.
A trader lists a shirt for ₹2,000 and gives a 10% discount to a buyer. Despite the discount, he still gains a profit of 20%. The shirt's cost price
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A TV set marked at ₹18,000 is sold for ₹15,300. Find the discount percentage.
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
A shopkeeper allows a discount of 20% on the marked price. What price must be marked on an article costing ₹3360, so as to make a gain of 25%?
What is the effective discount percent if a shopkeeper offers a scheme “Buy five and get three free”?
Find the effective discount for the scheme 'buy 10, get 6 free'.
A trader sells a toy for 615 after giving a discount of 18% on its marked price. If he sells it at 80% of itsmarked price, then he earns a profit of 20%. What is the cost price of the toy?
Suggested Test Series
Suggested Test Series
Which of the following successive discounts is better for a customer?
a. 20%,15%,10%
b. 25%,12.5%,10%
A trader increases the marked price of an article by 40% on cost and sells it after allowing a 20% discount on the marked price. Find his profit percentage.
A trader lists a shirt for ₹2,000 and gives a 10% discount to a buyer. Despite the discount, he still gains a profit of 20%. The shirt's cost price
A T-shirt is on sale for 15% off its original price of Rs 60 . How much will you pay for the T-shirt?
A TV set marked at ₹18,000 is sold for ₹15,300. Find the discount percentage.
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
A shopkeeper allows a discount of 20% on the marked price. What price must be marked on an article costing ₹3360, so as to make a gain of 25%?
What is the effective discount percent if a shopkeeper offers a scheme “Buy five and get three free”?
Find the effective discount for the scheme 'buy 10, get 6 free'.
A trader sells a toy for 615 after giving a discount of 18% on its marked price. If he sells it at 80% of itsmarked price, then he earns a profit of 20%. What is the cost price of the toy?
