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

    Question

    A shopkeeper marked his article 20% above its cost price

    and offered a discount of 25%. If cost price of the article is Rs. 800, then find profit or loss of the shopkeeper on selling the article
    A Rs. 85 Correct Answer Incorrect Answer
    B Rs. 87 Correct Answer Incorrect Answer
    C Rs. 80 Correct Answer Incorrect Answer
    D Rs. 81 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1.2 × 800 = Rs. 960 Selling price of the article = 0.75 × 960 = Rs. 720 Loss = 800 – 720 = Rs. 80

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