Quantitative Aptitude Ques 1696

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% $