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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 × 1,500 = Rs. 2,100

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

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

    Profit % = (300 ÷ 1,500) × 100 = 20%

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