The marked price of an item is twice the cost price, discount 20% of market price and profit is 10% of selling price. Find profit percentage to cost
A. $$\frac{{100}}{9}$$%
B. $$\frac{{100}}{11}$$%
C. 11%
D. 8%
Answer: Option A
Solution(By Examveda Team)
Given, MP = Rs. 200 Discount = 20% Profit = Rs. 16 SP = 200 - 20% of 200 = 200 - 40 = Rs. 160 CP = SP - profit = 160 - 16 = Rs.144 % profit = $$\frac{{16 \times 100}}{{144}} = 11.11\% = \frac{{100}}{9}\% $$This Question Belongs to Arithmetic Ability >> Profit And Loss
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Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
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D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
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Let, MP be 200
MP : SP = 5 : 4 or 200 : 160 (Making MP same )
Profit = 160*(1/10) = 16
Orginal CP = ( 160 - 16 ) = 144
Profit% = (16*100)/144 = (100/9)%
Its the wrong answer. Correct answer is 12percent