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

    Question

    A retailer added a 25% markup to the cost price of an

    item and then offered a 10% discount on the marked price before selling it for Rs. 270. Calculate the profit the retailer made on the sale.
    A Rs. 20 Correct Answer Incorrect Answer
    B Rs. 30 Correct Answer Incorrect Answer
    C Rs. 40 Correct Answer Incorrect Answer
    D Rs. 25 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of article = 270/0.9 = Rs. 300 Cost price of article = 300/1.25 = Rs. 240 Profit earned = 270 - 240 = Rs. 30 Hence, option b.

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