Question

    A trader buys an item for Rs. 16,000. He tags it at 40%

    above the cost price and sells it after providing a 25% discount. What is the profit (in Rs.) made?
    A Rs.600 Correct Answer Incorrect Answer
    B Rs.300 Correct Answer Incorrect Answer
    C Rs.800 Correct Answer Incorrect Answer
    D Rs.460 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price of item = 1.40 × 16,000 = Rs. 22,400

    Selling price of item = 0.75 × 22,400 = Rs. 16,800

    Therefore, profit = 16,800 − 16,000 = Rs. 800

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