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      Question

      Cost price of a piece of furniture is Rs. 4,000. It is

      labeled 50% above cost and finally sold after reducing Rs. 600 from the marked price. What is the profit percentage made? (Round to nearest integer)
      A 27% Correct Answer Incorrect Answer
      B 35% Correct Answer Incorrect Answer
      C 47% Correct Answer Incorrect Answer
      D 42% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked price = 1.5 × 4,000 = Rs. 6,000

      Selling price = 6,000 - 600 = Rs. 5,400

      Profit = 5,400 - 4,000 = Rs. 1,400

      Profit % = (1,400 ÷ 4,000) × 100 = 35%

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