The marked price of an article is 35% more than its cost price. If a discount of 15% is given, what will be the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 14 %
Let the cost price be Rs. x
Marked price of an article = 35% more than cost price = x + (35x/100) = 1.35x
Discount = 15%
Selling Price = Marked price - Discount
= 1.35x - (0.15 × 1.35x) = 1.35x - 0.2025x = 1.1475x
Profit percentage = [(Selling Price - Cost Price)/Cost Price] × 100
= [(1.1475x - x)/x] × 100 = 14.75% = 14 3/4 %.