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What is the percent profit made on selling an article?

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What is the percent profit made on selling an article?  [#permalink]

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New post 03 Jul 2017, 04:57
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Question Stats:

53% (01:35) correct 47% (01:31) wrong based on 24 sessions

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What is the percent profit made on selling an article?

(1) The percent profit, when calculated on the selling price of the article is 20 percent.
(2) The selling price is arrived at by increasing the cost price of the article by 50 percent and then offering a 16.67 percent discount.

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Re: What is the percent profit made on selling an article?  [#permalink]

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New post 03 Jul 2017, 23:24
1. The percent profit, when calculated on the selling price of the article is 20 percent.

CP : 80, SP : 100(Profit percentage calculated around the selling price is 20%)
Profit : 20, actual profit percentage is \(\frac{20}{80} * 100 = 25\)%
CP : 40, SP : 50(Profit percentage calculated around the selling price is 20%)
Profit : 10, actual profit percentage is \(\frac{10}{40} * 100 = 25\)% (Sufficient)

2. The selling price is arrived at by increasing the cost price of the article by 50 percent and then offering a 16.67 percent discount.

Selling price = 1.5(CP), then offering a 16.67% percent discount(1/6th of the cost)

CP : 80, Marked Price : 120, Discount : 20, Original Selling price : 100
Percent profit is \(\frac{20}{80} * 100\) = 25%
CP: 160, Marked price : 240, Discount : 40, Original Selling price : 200
Percent profit is \(\frac{50}{200} * 100\) = 25% (Sufficient) (Option D)
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Re: What is the percent profit made on selling an article?   [#permalink] 03 Jul 2017, 23:24
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