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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. 4,800, then find the profit earned on selling the article.
      A Rs.1050 Correct Answer Incorrect Answer
      B Rs.1610 Correct Answer Incorrect Answer
      C Rs.1540 Correct Answer Incorrect Answer
      D Rs.1840 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 = 4,800

      Or, 'b' = 37.5

      Therefore, required profit = 28 × 37.5 = Rs. 1,050

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