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    Question

    A product has a cost price of Rs.

    480. It is marked up by 25% above its cost price and is sold after a discount of 15%. Calculate the overall profit or loss in the transaction.
    A Rs.30 profit Correct Answer Incorrect Answer
    B Rs.30 loss Correct Answer Incorrect Answer
    C Rs.25 profit Correct Answer Incorrect Answer
    D Rs.75 loss Correct Answer Incorrect Answer

    Solution

    ATQ, Marked price of the product = 480 + 480 × (25/100) = Rs. 600 Selling price of the product = 600 × 0.85 = Rs. 510 So, overall profit = 510 - 480 = Rs. 30

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