Question: A dealer offered a machine at a discount of 5% but marked 20% highest than the cost price, then the profit per cent is
Options:
A) 14%
B) 15%
C) 20%
D) 21%
Show Answer
Answer:
Correct Answer: A
Solution:
- Let CP of machine = Rs. 100
Then, MP $ =100+20=120 $
$ SP=\frac{100-Discount}{100}\times MP $
$ =\frac{100-5}{100}\times 120=\frac{95}{100}\times 120=114 $
$ Profit=114-100=14 $
$ \therefore $ $ \text{Profit }%=\frac{14}{100}\times 100=14% $