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    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. 1920. MT
    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 × 1.8 × x = Rs. 1.26x According to question; ⇒ 1.26x – x = 416 ⇒ 0.26x = 416 ⇒ x = 1600 Desired Percentage = [(1920 – 1600)/1600] × 100 = 20%

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