Question
A shopkeeper buys an article for Rs 360. He marks it 25%
above the cost price and offers a discount of 10% on the marked price. What is his profit (in rupees)?Solution
ATQ, Cost Price (CP) = 360 Marked Price (MP) = 360 × 1.25 = 450 Discount = 10% of 450 = 45 Selling Price (SP) = 450 − 45 = 405 Profit = SP − CP = 405 − 360 = 45 But 45 is in options; check: we’ve miscomputed? Recalculate: 360×1.25 = 450 (correct). 10% of 450 = 45. 450−45 = 405. Profit = 405−360 = 45.
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