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    Question

    A trader bought an article for Rs. 2000 and marked it

    25% above of its cost price. If he sold it after giving a discount of Rs. 160 then find the profit percent earned by him.
    A 23% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 17% Correct Answer Incorrect Answer
    D 20% Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 2000 × 1.25 = Rs. 2500 Selling price = 2500 – 160 = Rs. 2340 Profit percentage = [(2340 – 2000)/2000] × 100 = 17%

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