CLAT CLAT Solved Paper-2018

The market price of an article is 20% more than the cost price. If the article is sold at a discount of 15% on its market price, then the gain percent is

A) 5%

B)        \[4\frac{1}{2}\]%

C) \[2\frac{1}{2}\]%

D)        2%

Correct Answer: D

Solution :

Sol. [d]

Let, cost price = l00x

Market price = \[100x\,\times \frac{120}{100}\,=120x\]

Now discount = 15%

Selling price \[=\,\frac{120x\times 85}{100}\,=102x\]

Therefore, profit = 102x - 100x = 2x

Now profit % =\[\frac{2x}{100x}\times \]100 = 2%