The marked price of an article is 80 percent more than its cost price. If 40 percent discount is given on the marked price, then what will be the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
Let the cost price = ₹100
Marked price = ₹180
Selling price after a 40% discount = 180 × 60 / 100= ₹108
Profit = 108 - 100= ₹8
Profit percentage = 8%