📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper marked an article 60% above its cost price

    and made a profit of Rs. 192 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. 2080.
    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 = 0.7 × 1.6 × x = Rs. 1.12x According to question; ⇒ 1.12x – x = 192 ⇒ 0.12x = 192 ⇒ x = 1600 Desired Percentage = [(2080 – 1600)/1600] × 100 = 30%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question