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    Question

    An article is marked 60% above its cost price and sold

    after allowing a discount of 20%. If the selling price of the article is Rs. 3,840, then find the profit earned on selling the article.
    A Rs.760 Correct Answer Incorrect Answer
    B Rs.610 Correct Answer Incorrect Answer
    C Rs.540 Correct Answer Incorrect Answer
    D Rs.840 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of article be Rs. '100b'

    Marked price of article = 1.60 × 100b = Rs. '160b'

    Selling price of article = 0.80 × 160b = Rs. '128b'

    So, 128b = 3,840

    Or, b = 30

    Therefore, required profit = 28 × 30 = Rs. 840

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