New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An item was purchased for Rs. 1,800. It was marked up by

    35% and sold after providing a discount of Rs. 360. Find the profit percentage made on the transaction.
    A 15% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 17% Correct Answer Incorrect Answer
    D 12% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price = 1.35 × 1,800 = Rs. 2,430

    Selling price = 2,430 - 360 = Rs. 2,070

    Profit = 2,070 - 1,800 = Rs. 270

    Profit % = (270 ÷ 1,800) × 100 = 15%

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