New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A shopkeeper made a profit of 55% by selling an article

    for Rs. 620. If he had sold it after allowing a discount of 10% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.
    A Rs. 154 Correct Answer Incorrect Answer
    B Rs. 159 Correct Answer Incorrect Answer
    C Rs. 158 Correct Answer Incorrect Answer
    D Rs. 160 Correct Answer Incorrect Answer
    E Rs. 148 Correct Answer Incorrect Answer

    Solution

    Cost price of the article = 620 ÷ 1.55 = Rs. 400 New selling price of the article = 620 × 0.90 = Rs. 558 New profit = 558 – 400 = Rs. 158

    Practice Next