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      Question

      A shopkeeper made a profit of 50% by selling an article

      for Rs. 300. 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
      E Rs. 38 Correct Answer Incorrect Answer

      Solution

      Cost price of the article = 300 Γ· 1.50 = Rs. 200 New selling price of the article = 300 Γ— 0.80 = Rs. 240 New profit = 240 – 200 = Rs. 40

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