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Profit, Loss & Discount · Question 38 of 72

Question 38

EasyOriginal question

A trader marks his goods 50% above cost price and gives a discount of 20% on the marked price. What is his profit percentage?

Options for question 38

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Take CP = ₹100, so MP = ₹150.

  2. SP = 80% of ₹150 = ₹120.

  3. Profit = 20%.

Worth noting

Subtracting 50%−20%50\% - 20\% gives 30%, which is wrong. The 20% discount is on ₹150, not on ₹100.

Concept
Profit % after markup and discount
Typical time
40 s
Your time
—
The rule this testsMarked price and discount
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