What is percentage profit in selling an article at a discount of 20%
Posted on 17-03-2023
Ques - What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit?
(a) 20%
(b) 14%
(c) 28%
(d) 12%
Solution -
Let,
C.P. = 100
There was a profit of 40%.
S.P. = 100 + 100 × (40/100)
S.P. = 140
Now,
C.P. = 100
But,
There is a Discount of 20%.
S.P. = 140 - 140 × (20/100)
S.P. = 140 - 28
S.P. = 112
Profit = S.P. - C.P.
= 112 - 100
= 12
Profit percentage = (12/100) × 100
= 12%
Hence,
The correct answer is option (d) 12%.
Thank You