The marked price of an ankle is 150 percent of the cost price. If 20 percent discount is given, then what will be the profit percentage?
Answer & explanation
Correct answer: option 1
Marked price is 150% of the cost price means,
MP = 150
CP = 100
20% discount on MP = 80% of 150 = 120
So the profit = 120 - 100 = 20%