The marked price of an article is 20 more than the cost price If the article is sold at a discount o...........

Quantitative Aptitiude (CLAT) Profit and loss

The marked price of an article is 20% more than the cost price. If the article is sold at a discount of 15% on its marked price, then the gain percent is

4 1/2

2 1/2

Explanation:

Let cost price is 100
then marked price = 20% more than the C.P. = 120
If articles is sold in 15% discount in marked price then
S.P. = 120-(15% of 120) = 120-18 = 102
Profit = S.P. - C.P. = 102-100 = 2
In %age, profit = 2%