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    Question

    A product is bought for Rs. 1,800. The shopkeeper tags it

    at 25% above the cost price and offers a discount of Rs. 200 at the time of sale. What is the percentage of profit made? (Round off to the nearest whole number)
    A 25% Correct Answer Incorrect Answer
    B 14% Correct Answer Incorrect Answer
    C 11% Correct Answer Incorrect Answer
    D 17% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price of product = 1.25 ร— 1,800 = Rs. 2,250

    Selling price of product = 2,250 โˆ’ 200 = Rs. 2,050

    Required profit percentage = [(2,050 โˆ’ 1,800) รท 1,800] ร— 100= (250 รท 1,800) ร— 100 = (250/18) โ‰ˆ 14%

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