Question

A trader marks his goods at $50\%$ above the cost price but allows a discount of $20\%$ on the marked price. The profit per cent is.

• A. $15$
• B. $25$
• C. $20$
• D. $10$

Answer 1

Answer: (C)

$20$

Let the original C.P. be Rs. $100$.

Then the marked price $=50\%$ of $100+100=150$

S.P. $=150-20\%$ of $150$ $=150-30=120$.

$\%$ profit $=\frac{(120-100)\times 100}{100}=20\%$

Thus, the profit percent is $20\%$.