Question

    A shopkeeper made a profit of 40% by selling an article

    for Rs. 280. If he had sold it after allowing a discount of 15% 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. 38 Correct Answer Incorrect Answer

    Solution

    Cost price of the article = 280 ÷ 1.40 = Rs. 200 New selling price of the article = 280 × 0.85 = Rs. 238 New profit = 238 – 200 = Rs. 38

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