📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A shopkeeper marked an article 80% above its cost price

      and made a profit of Rs. 416 when he sold the article after giving a discount of 30%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2320.
      A 25% Correct Answer Incorrect Answer
      B 26% Correct Answer Incorrect Answer
      C 35% Correct Answer Incorrect Answer
      D 45% Correct Answer Incorrect Answer

      Solution

      Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.7 × 1.8 × x = Rs. 1.26x According to question; ⇒ 1.26x – x = 416 ⇒ 0.26x = 416 ⇒ x = 1600 Desired Percentage = [(2320 – 1600)/1600] × 100 = 45%

      Practice Next
      More ESIC Part B Questions

      Relevant for Exams:

      ask-question