Practicing Success
A new mobile is introduced into the market and is marked at 25% above its original cost price. What discount should be given on the marked price to gain a profit of 20%? |
2.50% 5% 4% 10% |
4% |
Let the cost price of the article = 100 then the marked price of the article at 25% above = 125 Profit = 20% Then the selling price of the article = 120% of CP = 120% of 100 = 120 Discount % = ( 125 - 120) × \(\frac{100}{125}\) = 4% |