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If a discount of 10 percent is given on the marked price of the article then the seller gains 20 percent profit. Find the percent profit if the article is sold at 20 percent discount.
  • a)
    10/3 %
  • b)
    20/3 %
  • c)
    25/3 %
  • d)
    40/3 %
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If a discount of 10 percent is given on the marked price of the articl...
Let marked price = 100
90 = (120/100)*cp, cp = 75
Now discount = 20% so, SP = 80
% profit = [(80 – 75)/75]*100 = 20/3
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If a discount of 10 percent is given on the marked price of the article then the seller gains 20 percent profit. Find the percent profit if the article is sold at 20 percent discount.a)10/3 %b)20/3 %c)25/3 %d)40/3 %e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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