A merchant marks his goods up by 50% and then offers a discount on the marked price. If his final profit is 20%, what is the discount percentage given? MCQ with Answer and Explanation
A merchant marks his goods up by 50% and then offers a discount on the marked price. If his final profit is 20%, what is the discount percentage given?
A. 30%
B. 25%
C. 20%
D. 15%
Answer: Option C
Solution (By JKSSB Mock Tests)
Let CP = 100. Marked Price (MP) = 150. For a final profit of 20%, the Selling Price (SP) = 120. Discount Amount = MP - SP = 150 - 120 = 30. Discount Percentage = (30 / 150) * 100 = 20%.
By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percentage during the sale season is:
A merchant marks his goods up by 50% and offers a discount of 20%. In addition, he gives 1 article free with every 4 articles bought. What is his net profit percentage?
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