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. ‘x’ So, Selling price of the article = 0.78 × 1.6 × 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] × 100 = 25%

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