Question

    A shopkeeper marked an article 50% above its cost price

    and made a profit of Rs. 320 when he sold the article after giving a discount of 20%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2160.
    A 25% Correct Answer Incorrect Answer
    B 26% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.8 × 1.5 × x = Rs. 1.2x According to question; ⇒ 1.2x – x = 320 ⇒ 0.2x = 320 ⇒ x = 1600 Desired Percentage = [(2160 – 1600)/1600] × 100 = 35%

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