By selling an article for ₹2,160, Prashant allows a 20% discount and earns 28% profit. If the article is sold without any discount, the profit will be:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 60%.
Selling price (SP) = 2160
Marked price (MP) = (100/80) × 2160 = 2700
Cost price (CP) = (100/128) × 2160 = 1687.50
If sold without discount, the selling price would be the marked price (MP) = ₹2700
Profit = SP - CP = ₹2700 - ₹1687.50 = ₹1012.50
Profit Percentage = (1012.50/1687.50) × 100 = 60%
Therefore, if the article is sold without any discount, the profit will be 60%.