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

    Question

    A marked an article 40% above the cost price and sold it

    for Rs. 518 after giving a discount of 26%. Find the percentage profit earned by him if he sells the article for Rs. 600.
    A 15% Correct Answer Incorrect Answer
    B 22% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 23% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 518/0.74 = Rs. 700 Cost price of the article = 700/1.4 = Rs. 500 Desired Profit percentage = [(600 – 500)/500] × 100 = 20%

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