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

    Question

    A shopkeeper marks the price of an article 40% above its

    cost price. During a sale, he offers a discount of 25% on the marked price. What is his overall profit percentage?
    A 5% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 15% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer
    E 25% Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be ₹100. Marked price = ₹100 × (140/100) = ₹140 Selling price after 25% discount = ₹140 × (75/100) = ₹105 Profit = Selling price - Cost price = ₹105 - ₹100 = ₹5 Profit percentage = (Profit / Cost price) × 100  = (5/100) × 100 = 5% Correct Option: a) 5%

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