Question

By selling an article for Rs. 15000 a man allows 8% discount and earns 20.48 % profit. If the article is sold without a discount. What should be the profit percentage?
1. 30%
2. 25%
3. 20%
4. 35%

Answer 1

Correct Answer - Option 1 : 30%

Given:

Selling price = Rs. 15600

Formula used:

Profit or Loss% = [(Profit or Loss)/Cost Price] × 100

Calculation:

Selling price without discount

⇒ 15000 × (108/100)

⇒ Rs. 16200

Let the CP be ‘X’

⇒ X × (120.48/100) = 15000

⇒ Rs. 12450

Profit without discount

⇒ 16200 – 12450

⇒ Rs. 3750

Profit percentage without discount

⇒ (3750/12450) × 100

⇒ 30%

∴ The profit% without discount is 30%.