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30 Jul 2017, 13:41
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B
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Difficulty:
5%
(low)
Question Stats:
88% (01:09) correct
12%
(01:18)
wrong
based on 139
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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?
Thanks,
Saquib
Quant Expert
e-GMAT
Register for our Free Session on Number Properties (held every 3rd week) to solve exciting 700+ Level Questions in a classroom environment under the real-time guidance of our Experts
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
Thanks,
Saquib
Quant Expert
e-GMAT
Register for our Free Session on Number Properties (held every 3rd week) to solve exciting 700+ Level Questions in a classroom environment under the real-time guidance of our Experts
30 Jul 2017, 13:42
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Reserving this space to post the official solution.
31 Jul 2017, 00:17
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EgmatQuantExpert
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
