The marked price of a chair is 40% more than its cost price. If the chair is sold for Rs 520 after a discount of Rs 40, then what will be the profit percentage? ?->(Show Answer!)

1. The marked price of a chair is 40% more than its cost price. If the chair is sold for Rs 520 after a discount of Rs 40, then what will be the profit percentage?

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By: anil on 05 May 2019 02.06 am

Let cost price = Rs. $$100x$$ => Marked price = $$100x+(frac{40}{100} imes100x)=Rs.$$ $$140x$$ Selling price = Rs. 520 => Discount amount = $$140x-520=40$$ => $$140x=40+520=560$$ => $$x=frac{560}{140}=4$$ Thus, cost price = $$100 imes4=Rs.$$ $$400$$ $$ herefore$$ Profit % = $$frac{(520-400)}{400} imes100$$ = $$frac{120}{4}=30\%$$ => Ans - (D)

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