The cost price of an article is Rs.450 and marked price of an article is approx. 33.33% above the cost price of an article. If there is a discount given on an article is 5% then what will be the profit percentage on the article?
This questions was previously asked in
IBPS Clerk Prelims
Explanation:
- Cost price of the article is Rs. 450.
- Marked price is approximately 33.33% above the cost price:
- \( \text{Marked Price} = 450 + (33.33\% \times 450) = 450 + 150 = 600 \)
- Discount given is 5%:
- \( \text{Selling Price} = 600 - (5\% \times 600) = 600 - 30 = 570 \)
- To find the profit percentage:
- Profit = Selling Price - Cost Price = 570 - 450 = 120
- Profit Percentage = \( \left(\frac{120}{450}\right) \times 100 = 26.66\% \)
- Correct Answer: Option 4 - 26.6%
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By: Parvesh Mehta