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    Question

    A shopkeeper purchases a shirt for Rs. 400. He marks it

    50% above the cost price and offers a discount of 20% on the marked price. What is his profit percentage?
    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 17% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    CP = 400 MP = 1.5 × 400 = 600 SP = 600 × 0.80 = 480 Profit = 480 − 400 = 80 Profit % = 80/400 × 100 = 20%

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