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    Question

    A trader marks up the price of an article by 50% above

    the cost price. He then offers a discount of 20% on the marked price. What is his profit percentage based on the selling price?
    A 20% Correct Answer Incorrect Answer
    B 22.5% Correct Answer Incorrect Answer
    C 16.67% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    Let the cost price be 100.  Marked price = 150.  Selling price after 20% discount = 120.  Profit = 120 - 100 = 20.  Profit percentage based on selling price = 20 / 120 × 100 = 16.67%.  The profit percentage is 16.67%.

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