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

    Register

    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