Question : At what percentage above the cost price must a person mark the price of an article so that he can enjoy a 20% profit after allowing a 20% discount?
Option 1: 40%
Option 2: 50%
Option 3: 60%
Option 4: 30%
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Correct Answer: 50%
Solution : Let the cost price be 100. Here, the profit is 20%. So, the selling price = 120 Let the marked price of the article be $x$. According to the question, 80% of $x$ = 120 ⇒ $x$ = 150 So, the percentage mark-up $=\frac {150 - 100}{100} = 50$% Hence, the correct answer is 50%.
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Question : Venus marked an article at 60% above its cost price, She sold it at a profit of 20%. Find the discount percentage offered in the article.
Option 2: 15%
Option 3: 25%
Option 4: 75%
Question : What percentage above the cost price should a seller mark his goods so that, after allowing a discount of 20% on the marked price, he can earn a profit of 4%?
Option 1: 25%
Option 2: 28%
Option 3: 42%
Question : Akshay has 30 articles, each having the same cost price. He marked the price of each article at 30% above its cost price. He sold 15 of the articles at a discount of 20% each, and the remaining 15 articles at a discount of 10% each, thereby gaining a total profit of Rs. 630. What was the cost price of each article?
Option 1: Rs. 240
Option 2: Rs. 180
Option 3: Rs. 280
Option 4: Rs. 200
Question : A shopkeeper allows a discount of 20% on the marked price and still gains 12% on the whole. Find at what percentage above the cost price he marks his goods.
Option 1: 30%
Option 2: 10%
Option 3: 40%
Option 4: 20%
Question : The marked price of an article is twice the cost price. For a gain of 30%, what should be the discount percentage?
Option 2: 35%
Option 4: 40%
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