Abhishek marks the price of his laptop 80 percent above the cost price. He allows his customer a discount of 25 percent on the marked price. What is the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 35 %.
Marked price of laptop = 80% above the cost price
Discount = 25%
SP = MP
Profit = SP - CP
Profit percentage =
Let the cost price of the laptop be 100x.
According to the given question,
MP = 180% of 100x
⇒ MP = 180x
SP = 180x
⇒ SP = 180x
⇒ SP = 135x
Now, profit = 135x - 100x = 35x
Profit percentage = = 35%
Hence the profit percentage is 35%.