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    Question

    An item is marked at 48% above its cost price. If the

    marked price is Rs. 14,800 and the shopkeeper gives a discount of 30%, find the profit amount.
    A Rs.360 Correct Answer Incorrect Answer
    B Rs.500 Correct Answer Incorrect Answer
    C Rs.100 Correct Answer Incorrect Answer
    D Rs.110 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Cost price = 14,800 / 1.48 = Rs. 10,000

    Selling price = 0.7 × 14,800 = Rs. 10,360

    Profit = 10,360 - 10,000 = Rs. 360

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