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

    Question

    A shopkeeper marked an article 60% above its cost price

    and made a profit of Rs. 540 when he sold the article after giving a discount of 15%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 1800.
    A 25% Correct Answer Incorrect Answer
    B 22% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 23% 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 = 0.85 × 1.6 × x = Rs. 1.36x According to question; 1.36x – x = 540 Or, 0.36x = 540 Or, x = 1500 Desired Percentage = [(1800 – 1500)/1500] × 100 = 20%

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