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

    Question

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

    for Rs. 600 after giving a discount of 60%. Find the percentage profit earned by him if he sells the article for Rs. 1200.
    A 20% Correct Answer Incorrect Answer
    B 25% Correct Answer Incorrect Answer
    C 22% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 600/0.4 = Rs. 1500 Cost price of the article = 1500/1.5 = Rs. 1000 Desired Profit percentage = [(1200 – 1000)/1000] × 100 = 20%

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