Question

A person makes a profit of 20% after giving 20% discount on the marked price of an article. The marked price is what percent above the cost price of the article?

• A. 45
• B. 50
• C. 40
• D. 60

Answer 1

Answer:

B. 50

Let the cost price be 100. ⇒ Selling Price = 120 Let the marked price be x. ⇒ 80% of x = 120 ⇒ x = 120/0.8 = 150 ⇒ The price was marked up by = (150 - 100)/100 = 50%