The market price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the market price, what is the profit percent after selling the laptop?
A. 6%
B. 12%
C. 18%
D. 20%
E. Cannot be determined
The OA is B.
Please, can anyone explain this PS question? I tried to solve it but I can't get the correct answer. I need help. Thanks.
The marked price of a laptop is 40% higher than the cost
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Let CP be x
So, MP becomes 1.4x
Discount is 20%
So, Selling Price is 80% of Marked Price
=> SP= 0.8*1.4x= 1.12x
So, clearly profit is 1.12x-x/x*100= 12%
________________________________________
Shahrukh Moin Khan
QA Mentor at Breakspace
https://www.mbabreakspace.com
PGDM: IIM Calcutta
B.Tech IIT Roorkee
So, MP becomes 1.4x
Discount is 20%
So, Selling Price is 80% of Marked Price
=> SP= 0.8*1.4x= 1.12x
So, clearly profit is 1.12x-x/x*100= 12%
________________________________________
Shahrukh Moin Khan
QA Mentor at Breakspace
https://www.mbabreakspace.com
PGDM: IIM Calcutta
B.Tech IIT Roorkee
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We can let the cost price be c. Thus, the market price is 1.4c before the discount, and after the discount, the market price is 0.8 x 1.4c = 1.12c. We see that this is 12% more than the cost price, so the profit is 12%.swerve wrote:The market price of a laptop is 40% higher than the cost price. If it is sold after applying a discount of 20% on the market price, what is the profit percent after selling the laptop?
A. 6%
B. 12%
C. 18%
D. 20%
E. Cannot be determined
Answer: B
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