Question 13

Manik marks the price of his toys 40% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?

Solution

Let cost price = Rs. $$100x$$

=> Marked price = $$100x+(\frac{40}{100}\times100x)=Rs.$$ $$140x$$

Discount % = 20%

=> Selling price = $$140x-(\frac{20}{100}\times140x)=Rs.$$ $$112x$$

$$\because$$ Selling price > Cost price, thus profit % = $$\frac{(112x-100x)}{100x}\times100=12\%$$

=> Ans - (B)

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