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    Question

    A trader bought an article for Rs. 3000 and marked it

    20% above of its cost price. If he sold it after giving a discount of Rs. 120 then find the profit percent earned by him.
    A 16% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 3000 × 1.20 = Rs. 3600 Selling price = 3600 – 120 = Rs. 3480 Profit percentage = [(3480 – 3000)/3000] × 100 = 16%

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