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      Question

      A trader bought an article for Rs. 2400 and marked it

      25% above of its cost price. If he sold it after giving a discount of Rs. 240 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
      E 17% Correct Answer Incorrect Answer

      Solution

      Marked price of the article = 2400 × 1.25 = Rs. 3000 Selling price = 3000 – 240 = Rs. 2760 Profit percentage = [(2760 – 2400)/2400] × 100 = 15%

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