The marked price of a pen is 25% more than its cost price. The pen is sold for ₹220 after a discounr of ₹30. What is the profit percentage?
Answer & explanation
Correct answer: option 1
Let the cost price of the article = 100
Then according to the question the marked price = 125 ( 25% more than CP)
Discount = 30
Selling price = 220
Marked price = Selling price + Discount = 220 + 30 = 250
So, 125x = 250
100x = CP = 200
Profit% = ( 220 - 200 ) × \(\frac{100}{200}\) = 10%