Question
A shopkeeper marks an article at 40% above the cost
price and gives a discount of 20%. If the cost price of the article is ₹500, find the profit.Solution
Marked price = 500 × 1.4 = ₹700. Selling price = 700 × 0.8 = ₹560. Profit = 560 – 500 = 60 Correct option: c
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