📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A shopkeeper marked an article 70% above its cost price

    and made a profit of Rs. 432 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. 1800.
    A 55% Correct Answer Incorrect Answer
    B 56% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 57% 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 × 1.7 × x = Rs. 1.36x According to question; 1.36x – x = 432 Or, 0.36x = 432 Or, x = 1200 Desired Percentage = [(1800 – 1200)/1200] × 100 = 50%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question