Question

    A shopkeeper marked an article 70% above its cost price

    and made a profit of Rs. 440 when he sold the article after giving a discount of 25%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2000.
    A 20% Correct Answer Incorrect Answer
    B 26% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 27% 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 = 0.75 × 1.7 × x = Rs. 1.275x According to question; 1.275x – x = 440 Or, 0.275x = 440 Or, x = 1600 Desired Percentage = [(2000 – 1600)/1600] × 100 = 25%

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