The marked price of an article is 40 more than its cost price If 10 discount is given then what is t...........

Quantitative Aptitude (CPO) Profit and loss

The marked price of an article is 40% more than its cost price. If 10% discount is given, then what is the profit percentage?

- The cost price (CP) of the article is the initial value that the article costs.

- The marked price (MP) is 40% more than the CP.

- Therefore, MP = CP + 40% of CP = 1.4 × CP.

- A 10% discount is given on the marked price.

- Discounted price (selling price, SP) is 90% of MP = 0.9 × MP = 0.9 × 1.4 × CP = 1.26 × CP.

- The profit percentage is calculated by the formula: Profit % = [(SP - CP)/CP] × 100%.

- Substituting SP = 1.26 × CP and CP, Profit % = [(1.26x - x)/x] × 100 = 26%.

Option 3: 26

- This matches your answer.

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