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    Question

    Find the profit percentage earned on a school bag if it

    was sold at Rs.1472 after offering a discount of 20% and the marked price of a school bag is Rs.560 more than its cost price. TYPE 37
    A 15 Correct Answer Incorrect Answer
    B 12.5 Correct Answer Incorrect Answer
    C 20 Correct Answer Incorrect Answer
    D 10 Correct Answer Incorrect Answer
    E 16 Correct Answer Incorrect Answer

    Solution

    MP = (1472/80) x 100 = Rs.1840 CP = 1840 – 560 = Rs.1280 Profit = 1472 – 1280 = Rs.192 Profit% = (192/1280) x 100 = 15%

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