The cost price of an article is ₹120. A dealer marks it above its cost price. If he sells it after giving a discount on its marked price, then his profit per cent is?
- A
- B
- C
- D
Solution & Step-by-step Explanation
Note: The exact cost price value (₹120) is not required to calculate the profit percentage.Let the Cost Price (CP) be .Marked Price (MP) is above CP:
Discount of is given on MP:
Selling Price (SP):
Profit percentage:
Discount of is given on MP:
Selling Price (SP):
Profit percentage: