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    Question

    An article with a cost price of

    Rs. 400 is marked up by 40% above its cost price and sold after a discount of 15%. Calculate the overall profit or loss in the transaction.
    A Rs.50 Correct Answer Incorrect Answer
    B Rs.76 Correct Answer Incorrect Answer
    C Rs.40 Correct Answer Incorrect Answer
    D Rs.65 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked Price (MP) = MP = 400+400×0.4 = 400+160 = Rs.560. Selling Price (SP) = SP= 560×0.85 = Rs.476. Overall Profit/Loss = Profit = SP − CP = 476 − 400 = Rs.76.

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