Question

    A shopkeeper marks his goods 50% above the cost price

    but allows his customers a discount of 20% on the marked price. What is his actual profit if selling price is rupees 6000?
    A 1000 Correct Answer Incorrect Answer
    B 1200 Correct Answer Incorrect Answer
    C 1600 Correct Answer Incorrect Answer
    D 1900 Correct Answer Incorrect Answer

    Solution

    Let the cost price be 100x. Marked price = (100 + 50) % of 100x = 150x Selling price after 20% discount = 150x × 0.8 = 120x 120x = 6000 x = 50 Profit = 120x – 100x = 20x = 1000

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