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. 15%
B. 20%
C. 30%
D. 25%
Answer: Option B
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%.
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