A mark up the price of an article by 50% and then allow a discount of 20% and sells it to B who sells it for ₹ 20 more than what he purchased for. If selling price of B is 30% more than the original cost price of the article, then find profit percent of B.
Answer & explanation
Correct answer: option 4
ATQ,
100R × \(\frac{130}{100}\) = 120R +20
⇒ 1R → 2
Cost price of B = 120 × 2 = 240
SP of B = 240 + 20 = 260
Profit % = \(\frac{260 - 240}{240}\) × 100 = 8.33%