Multiple Choice Questions on After giving 40 discount on an article there is still a profit of 20 What will be the profit percent........... for SSC (CPO) Exam Preparation

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Multiple Choice Questions

After giving 40 discount on an article there is still a profit of 20 What will be the profit percent...........

Quantitative Aptitude (CPO) Profit and loss
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    After giving 40% discount on an article there is still a profit of 20%. What will be the profit percentage when no discount is given?

    60

    Incorrect Answer

    68

    Incorrect Answer

    78

    Incorrect Answer

    100

    Correct Answer
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    Explanation:

    Correct option: 4
    Let the marked price be x
    Selling price = x - (40/100) * x = 3x/5
    Profit = 20%
    Cost price = (3x/5) * (100/120) = x/2
    Profit% when no discount is given = (x - x/2)/x/2 * 100 = 100%

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