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Question
The marked price of an article is 20% more than the cost price. If the article is sold at a discount of 15% on its marked price, then the gain percent is
Options
5
`4 1/2`
`2 1/2`
2
Solution
2
Explanation:
Let the cost price of an article is ₹ 100.
then, marked price`=100xx120/100 = ₹ 120.`
Selling price`=120xx85/100 = ₹ 102.`
Profit percent`=((102-100)/100)xx100` = 2%
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