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    Question

    A marked an article 50% above the cost price and sold it

    for Rs. 480 after giving a discount of 20%. Find the percentage profit earned by him if he sells the article for Rs. 500.
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 24% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 480/0.80 = Rs. 600 Cost price of the article = 600/1.5 = Rs. 400 Desired Profit percentage = [(500 – 400)/400] × 100 = 25%

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