30% of marked price is equal to 50% of cost price. If no discount if given, then what will be the profit percentage?
Answer & explanation
Correct answer: option 1
Given, 30% marked price = 50% cost price
Marked Price = $\frac{5}{3}$ Cost price
If no discount is given, marked price = selling price
Profit = Selling price - Cost price
= $\frac{5}{3}$ Cost price - Cost price
= $\frac{2}{3}$ Cost price
Profit % = $\frac{2}{3}$ x 100 = 66.67%