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    Question

    The marked price of a product is 200 percent of its cost

    price. If a discount of 30% is given while selling the product, what will be the profit percentage?
    A 25% Correct Answer Incorrect Answer
    B 56% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 32% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the product be Rs. '100x'

    Marked price of the product = '100x' X 2 = Rs. '200x'

    Selling price of the product = '200x' X 0.7 = Rs. '140x'

    Profit earned on selling the product = '140x' - '100x' = Rs. '40x'

    Required profit percentage = {(40x/100x) X 100} = 40%

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