2026 · Q65
A shopkeeper marked a price on an article so that he gets 50% profit. After 2 months, the sale of the article reduced. So, he decided to sell the same article with a profit of 20%. What percentage of discount does he announce to get only 20% profit?
general-mental-abilityquantitative-aptitude
- A50
- B40
- C30
- D20
Explanation
Let the cost be C. The marked price was 1.5C (50% profit), and the selling price yielding 20% profit is 1.2C. The discount on the marked price is (1.5C − 1.2C)/1.5C = 0.3/1.5 = 20%. Hence option D is correct.