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Profit and Loss

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  1. What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit ?
    1. 20%
    2. 14%
    3. 28%
    4. 12%
Correct Option: D

Initially :
CP =100
SP = 140 (Since profit = 40 %)

New price :
CP =100
SP = 140 - 20% = 112
MP = 140

Profit % = [(112 - 100 )/100] = 12 %


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