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      Question

      A product is bought at Rs. 1,500. It is labeled 40% higher

      than the cost and sold after giving a discount of Rs. 300. Calculate the percentage profit made.
      A 25% Correct Answer Incorrect Answer
      B 30% Correct Answer Incorrect Answer
      C 18% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked price = 1.4 ├Ч 1,500 = Rs. 2,100

      Selling price = 2,100 - 300 = Rs. 1,800

      Profit = 1,800 - 1,500 = Rs. 300

      Profit % = (300 ├╖ 1,500) ├Ч 100 = 20%

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