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Question

(B) Let the cost price $(C.P)$ be $Rs. 100$.Since the marked price $(M.P)$ is $20 \%$ more than the cost price,$M.P = 100 + 20 = Rs. 120$.$A$ discount

Vedclass · Accepted Answer

$14$

Vedclass · Answer

(B) Let the cost price $(C.P)$ be $Rs. 100$.Since the marked price $(M.P)$ is $20 \%$ more than the cost price,$M.P = 100 + 20 = Rs. 120$.$A$ discount of $5 \%$ is given on the marked price.Discount $= 5 \% 	ext{ of } 120 = \frac{5}{100} 	imes 120 = Rs. 6$.Selling price $(S.P)$ $= M.P - 	ext{Discount} = 120 - 6 = Rs. 114$.Profit $= S.P - C.P = 114 - 100 = Rs. 14$.Profit percent $= \frac{	ext{Profit}}{C.P} 	imes 100 = \frac{14}{100} 	imes 100 = 14 \%$.

The marked price of an article is $20 \%$ more than its cost price. If $5 \%$ discount is given on the marked price,what is the profit percent (in $\%$)?

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