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The marked price of a laptop is 40% higher than the cost

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Joined: 04 Jan 2015
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The marked price of a laptop is 40% higher than the cost [#permalink]

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New post 30 Jul 2017, 13:41
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Question Stats:

91% (00:58) correct 9% (00:20) wrong based on 61 sessions

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Q.
The marked price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the marked price, what is the profit % after selling the laptop?

    A. 6%
    B. 12 %
    C. 18 %
    D. 20 %
    E. Cannot be determined


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Kudos [?]: 2096 [0], given: 123

Expert Post
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Kudos [?]: 2096 [0], given: 123

Re: The marked price of a laptop is 40% higher than the cost [#permalink]

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New post 30 Jul 2017, 13:42
Reserving this space to post the official solution. :)
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The marked price of a laptop is 40% higher than the cost [#permalink]

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New post 31 Jul 2017, 00:17
EgmatQuantExpert wrote:
Q.
The marked price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the marked price, what is the profit % after selling the laptop?
    A. 6%
    B. 12 %
    C. 18 %
    D. 20 %
    E. Cannot be determined


If the cost price is p then the marked price is 1.4p.
If it is sold after applying a discount of 20%, then the price for sold is 1.4p * 0.8 = 1.12p, or higher than the cost price 12%.

THe answer is B
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Kudos [?]: 909 [0], given: 54

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Re: The marked price of a laptop is 40% higher than the cost [#permalink]

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New post 31 Jul 2017, 00:48
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Let the cost price of Laptop be 100

Marked price= 100*\(\frac{140}{100}\)= 140

Discount= 140*\(\frac{20}{100}\)= 28

Selling Price= 140-28= 112

Profit %= \(\frac{112-100}{100}\)*100= 12%

Answer: B.

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Kudos [?]: 55 [1], given: 60

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Re: The marked price of a laptop is 40% higher than the cost [#permalink]

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New post 16 Aug 2017, 10:16
Let,
C.P = 100 then,
M.P = 140
discount = 20%
discounted price = 140 - 28 = 112

Profit % = 12% (b)

Kudos [?]: 1 [0], given: 6

Re: The marked price of a laptop is 40% higher than the cost   [#permalink] 16 Aug 2017, 10:16
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The marked price of a laptop is 40% higher than the cost

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