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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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