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The Marked Price of an Article is 20% More than the Cost Price. If the Article is Sold at a Discount of 15% on Its Marked Price, Then the Gain Percent is - Mathematics

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MCQ

The marked price of an article is 20% more than the cost price. If the article is sold at a discount of 15% on its marked price, then the gain percent is

Options

  • 5

  • `4 1/2`

  • `2 1/2`

  • 2

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Solution

2

Explanation:

Let the cost price of an article is ₹ 100.

then, marked price`=100xx120/100 = ₹ 120.`

Selling price`=120xx85/100 = ₹ 102.`

Profit percent`=((102-100)/100)xx100` = 2%

Concept: Probability (Entrance Exam)
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