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.
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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