New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A marked an article 60% above the cost price and sold it

    for Rs. 576 after giving a discount of 28%. Find the percentage profit earned by him if he sells the article for Rs. 700.
    A 40% Correct Answer Incorrect Answer
    B 45% Correct Answer Incorrect Answer
    C 42% Correct Answer Incorrect Answer
    D 41% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 576/0.72 = Rs. 800 Cost price of the article = 800/1.6 = Rs. 500 Desired Profit percentage = [(700 – 500)/500] × 100 = 40%

    Practice Next