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      Question

      A shopkeeper marked an article 75% above its cost price

      and made a profit of Rs. 500 when he sold the article after giving a discount of 25%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2000.
      A 22% Correct Answer Incorrect Answer
      B 25% Correct Answer Incorrect Answer
      C 30% Correct Answer Incorrect Answer
      D 40% Correct Answer Incorrect Answer
      E 20% Correct Answer Incorrect Answer

      Solution

      Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.75 × 1.75 × x = Rs. 1.3125x According to question; ⇒ 1.3125x – x = 500 ⇒ 0.3125x = 500 ⇒ x = 1600 Desired Percentage = [(2000 – 1600)/1600] × 100 = 25%

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