Question

The marked price of a table is Rs.1200, which is 20% above the cost price. It is sold at a discount of 10% on the marked price. Find the profit percent.

• A. $10\%$
• B. $8\%$
• C. $7.5\%$
• D. $6\%$

Answer 1

The correct option is B $8\%$

$MP=1200$

$C.P=\frac{1200}{120}\times 100=1000$

If sold at 10% discount

$S.P.=1200\times \frac{90}{100}=1080$

Profit on CP =Rs.80

$Profit\%=\frac{80}{1000}\times 100=8\%$