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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 Γ— 1,800 = Rs. 2,250

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

      Required profit percentage = [(2,050 βˆ’ 1,800) Γ· 1,800] Γ— 100= (250 Γ· 1,800) Γ— 100 = (250/18) β‰ˆ 14%

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