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    Question

    A man bought an article at 20% less of the marked price

    and sold it at 12% more than the marked price. Find the profit earned by him.
    A 15% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer

    Solution

    Let the marked price be Rs. 100 ∴ cost price = 100 - 20 = 80 And, selling price = 100 + 12 = 112 Profit = 112 - 80 = 32 Profit % = 32/80 x 100 = 40%

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