The cost price of an article is 72% of the marked price. The profit percentage after allowing a discount of 6% on the marked price is (rounded off to 2 decimal places):
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 30.56%.
Let marked price = ₹100
Then,
Cost Price (CP) = 72% of 100 = ₹72
Selling Price (SP) = After 6% discount = 94% of 100 = ₹94
Now,
Profit = SP − CP = 94 − 72 = ₹22
Profit % = (22 / 72) × 100 = 30.56%