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Anand marks up the price of an article by 50 % and then allows a discount of 20 % and sells it to Balaji. Balaji sells it for ₹ 20 more than what he purchased for, this S.P is 30 % more than the original C.P of the article. Then Balaji’s profit % is
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- 7.5%
- 6.66%
- 8.33%
- 9%
Correct Option: C
Let us assume the cost price = ₹ p
For Anand,
| Marked price = ₹ | p | |
| 2 |
| Selling price = | × | ||
| 2 | 100 |
| = ₹ | |
| 5 |
For Balaji,
| Cost price = ₹ | |
| 5 |
| Selling price = ₹ |  | + 20 |  | |
| 5 |
| ∴ | + 20 = | ||
| 5 | 100 |
| ⇒ | − | = 20 | ||
| 10 | 5 |
| ⇒ | = 20 | |
| 10 |
| ⇒ | = 20 | |
| 10 |
⇒ p = ₹ 200
| ∴ Required gain percent = | ×100 | |
| 5 |
| ⇒ Required gain percent = | |
| 6 × p |
| ⇒ Required gain percent = | = | = 8.33% | ||
| 6 × 200 | 3 |
∴ Required gain percent is 8.33% .
