Question

    A shopkeeper marked his article 40% above its cost price

    and offered a discount of 50%. If cost price of the article is Rs. 550, then find profit or loss of the shopkeeper on selling the article
    A Rs. 155 Correct Answer Incorrect Answer
    B Rs. 125 Correct Answer Incorrect Answer
    C Rs. 165 Correct Answer Incorrect Answer
    D Rs. 135 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1.4 × 550 = Rs. 770 Selling price of the article = 0.5 × 770 = Rs. 385 Loss = 550 – 385 = Rs. 165

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