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      Question

      A shopkeeper buys a fan for Rs 1,440 and marks it 25%

      above the cost price. During a sale, he gives a discount of 10% on the marked price. What is his profit or loss percentage?
      A 12.5% profit Correct Answer Incorrect Answer
      B 10% loss Correct Answer Incorrect Answer
      C 15.5% profit Correct Answer Incorrect Answer
      D 10% profit Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Cost Price (CP) = 1,440 Marked Price (MP) = 1,440 × 1.25 = 1,800 Discount = 10% of 1,800 = 180 Selling Price (SP) = 1,800 − 180 = 1,620 Profit = SP − CP = 1,620 − 1,440 = 180 Profit% = (180 / 1,440) × 100 = 12.5%

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