The marked price of an article is 40% above its cost price. If its selling price is ![]()
of the marked price, then the percentage profit is:
This questions was previously asked in
ssc cgl 2023 pre
Explanation:
Correct option:1
Given: The marked price of an article is 40% above its cost price. Its selling price is 
of the marked price.
Profit = Selling price - Cost price
Let, the Cost price of the article be 100
Then marked price of the article is (100 + 40) = 140
Selling price is of the marked price i.e. 147/2 % of the marked price
Selling price is (140 x (147/2))/100
(140 x 147)/200 =102.9
Profit = (102.9 - 100) =2.9
Profit percentage is (2.9 x 100)/100 =2.9%
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By: Parvesh Mehta