Question

    A marked an article 65% above the cost price and sold it

    for Rs. 462 after giving a discount of 30%. Find the percentage profit earned by him if he sells the article for Rs. 800.
    A 102% Correct Answer Incorrect Answer
    B 103% Correct Answer Incorrect Answer
    C 100% Correct Answer Incorrect Answer
    D 105% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 462/0.7 = Rs. 660 Cost price of the article = 660/1.65 = Rs. 400 Desired Profit percentage = [(800 – 400)/400] × 100 = 100%

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