When an article is sold at its marked price, it gives a profit of 20%. If discount of 9.6% is allowed on the marked price, then what will be the profit percent?
Answer & explanation
Correct answer: option 2
ATQ,
If the article is sold at mark prcie:
⇒ MP : CP = 120 : 100
and If the article is sold at discount of 9.6%, then
⇒ SP = 120 × \(\frac{90.4}{100}\) = 108.48
Hence,
Profit percent = \(\frac{8.48}{100}\) × 100% = 8.48%