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    Question

    A shopkeeper made a profit of 26% by selling an article

    for Rs. 2520. If he had sold it after allowing a discount of 20% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.
    A Rs. 40 Correct Answer Incorrect Answer
    B Rs. 56 Correct Answer Incorrect Answer
    C Rs. 16 Correct Answer Incorrect Answer
    D Rs. 32 Correct Answer Incorrect Answer

    Solution

    Cost price of the article = 2520 ÷ 1.26 = Rs. 2000 New selling price of the article = 2520 × 0.80 = Rs. 2016 New profit = 2016 – 2000 = Rs. 16

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