Question

    A shopkeeper made a profit of 25% by selling an article

    for Rs. 250. If he had sold it after allowing a discount of 12% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.
    A Rs. 21 Correct Answer Incorrect Answer
    B Rs. 16 Correct Answer Incorrect Answer
    C Rs. 38 Correct Answer Incorrect Answer
    D Rs. 20 Correct Answer Incorrect Answer
    E Rs. 40 Correct Answer Incorrect Answer

    Solution

    Cost price of the article = 250 ÷ 1.25 = Rs. 200 New selling price of the article = 250 × 0.88 = Rs. 220 New profit = 220 – 200 = Rs. 20

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