New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A shopkeeper marked an article 60% above its cost price

    and made a profit of Rs. 448 when he sold the article after giving a discount of 20%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 1952.
    A 22% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 30% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.80 × 1.60 × x = Rs. 1.28x According to question; ⇒ 1.28x – x = 448 ⇒ 0.28x = 448 ⇒ x = 1600 Desired Percentage = [(1952 – 1600)/1600] × 100 = 22%

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