If 10% discount is allowed on the marked price of an article, the profit of a dealer is 20%. If he allows a discount of 20%, his profit will be
413%
5%
623%
8%
A
413%
B
5%
C
623%
D
8%
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Solution
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Let the M.P. of the article = Rs.100
Discount = 10%
∴ S.P. = 90% of Rs.100 = Rs.90, Profit = 20% ∴C.P.=Rs.90×100120=Rs.75 If the discount is 20% then S.P. = 80% of Rs.100 = Rs.80 ∴ Required profit % =(80×75)75=100=575×100=623%
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