New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A trader bought an article for Rs. 1200 and marked it

    25% above of its cost price. If he sold it after giving a discount of Rs. 60 then find the profit percent earned by him.
    A 23% 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 = 1200 × 1.25 = Rs. 1500 Selling price = 1500 – 60 = Rs. 1440 Profit percentage = [(1440 – 1200)/1200] × 100 = 20%

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