Question

An article is marked 20% over the cost. A discount of 8% is offered from the marked price of the article. What is profit percentage in selling the article

• A. $6.8\%$
• B. $8.2\%$
• C. $9.6\%$
• D. $10.4\%$

Answer 1

The correct option is D $10.4\%$

Let the cost price (C.P.) of the article $=Rs100$
Then, Marked Price $=M.P.=120$ $of$ Rs 100 = Rs 120 $SellingPrice$ = S.P. = (100-8) = 92 Rs 120 $asdiscountof$ 8 S.P. = \frac {92}{100} \times 120 = Rs 110.4 $So,$ Profit = \frac {SP-CP}{CP} \times 100 =\frac {110.4-100}{100} \times 100 = 10.4$ %