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      Question

      A trader purchases an article for Rs. 2,600. It is marked

      at 20% above cost price and then sold after offering a discount of Rs. 200. Determine the profit percentage (rounded off).
      A 27% Correct Answer Incorrect Answer
      B 31% Correct Answer Incorrect Answer
      C 47% Correct Answer Incorrect Answer
      D 12% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked price = 1.2 × 2,600 = Rs. 3,120

      Selling price = 3,120 - 200 = Rs. 2,920

      Profit = 2,920 - 2,600 = Rs. 320

      Profit % = (320 ÷ 2,600) × 100 ≈ 12%

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