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    Question

    A shopkeeper marked his article 50% above its cost price

    and offered a discount of 60%. If cost price of the article is Rs. 140, then find profit or loss of the shopkeeper on selling the article
    A Rs. 55 Correct Answer Incorrect Answer
    B Rs. 57 Correct Answer Incorrect Answer
    C Rs. 56 Correct Answer Incorrect Answer
    D Rs. 58 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1.5 × 140 = Rs. 210 Selling price of the article = 0.4 × 210 = Rs. 84 Loss = 140 – 84 = Rs. 56

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