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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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