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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 Ă— 100b = Rs. '160b'

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

    So, 128b = 4,800

    Or, 'b' = 37.5

    Therefore, required profit = 28 Ă— 37.5 = Rs. 1,050

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