A mobile phone retailer sells a phone for ₹P and earns a profit of 20%. For a…
2025
A mobile phone retailer sells a phone for ₹P and earns a profit of 20%. For a special festive offer, he marks
the same phone at ₹1.5P. At the offer, he provides a discount of 10%. What will be the percentage profit that he
will make during the festive offer?
Answer: C. 0.62 — Original selling price P gives 20% profit, so CP = P/1.2. Festival marked price = 1.5P, and a 10% discount gives SP = 1.35P. Profit percentage = (1.35P -…
- A.
0.26
- B.
0.56
- C.
0.62
- D.
0.6
Attempted by 18 students.
Show answer & explanation
Correct answer: C
Original selling price P gives 20% profit, so CP = P/1.2.
Festival marked price = 1.5P, and a 10% discount gives SP = 1.35P.
Profit percentage = (1.35P - P/1.2)/(P/1.2) = 62%.
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