Question
Download Solution PDFA merchant marks the price of his article 20 percent above the cost price. He gives some discount on it and earns a profit of 10 percent. What is the discount percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Marked price is 20% above the cost price
Profit = 10%
Concept:
Marked Price/Cost Price = (100 + Profit%)/(100 - Discount %)
Solution:
Let the CP be 100
Marked Price = 100 × 120/100 = 120
SP = 100 × 110/100 = 110
Discount = 120 - 110 = 10
Discount% = 10/120 × 100 = 8.33%
Therefore, the profit percentage is 8.33%
Last updated on Jul 14, 2025
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