📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A shopkeeper marked an article 60% above its cost price

      and made a profit of Rs. 420 when he sold the article after giving a discount of 20%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2400.
      A 65% Correct Answer Incorrect Answer
      B 50% Correct Answer Incorrect Answer
      C 70% Correct Answer Incorrect Answer
      D 60% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.8 × 1.6 × x = Rs. 1.28x According to question; 1.28x – x = 420 Or, 0.28x = 420 Or, x = 1500 Desired Percentage = [(2400 – 1500)/1500] × 100 = 60%

      Practice Next
      More Profit and loss Questions
      ask-question