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      Question

      A shopkeeper marked an article 60% above its cost price

      and made a profit of Rs. 297.6 when he sold the article after giving a discount of 22%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 1500.
      A 22% Correct Answer Incorrect Answer
      B 24% 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. β€˜x’ So, Selling price of the article = 0.78 Γ— 1.6 Γ— x = Rs. 1.248x According to question; 1.248x – x = 297.6 Or, 0.248x = 297.6 Or, x = 1200 Desired Percentage = [(1500 – 1200)/1200] Γ— 100 = 25%

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