After giving 20% discount on an article there is a profit of 20%.. What will be the profit percentage when no discount is given?
Correct Answer: Description for Correct answer:
Let the cost price of the article = 100
The marked price of the article = x
According to question,
\( \Large x \times \dfrac{80}{100} = 100 \times \dfrac{120}{100} \)
x = 150
When no discount is given,
Selling price = 150
Profit percentage = \( \Large \dfrac{150 - 100}{100} \times 100 \) = 50%
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