Question

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

Answer 1

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%