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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 Γ— 400 = 600 SP = 600 Γ— 0.80 = 480 Profit = 480 βˆ’ 400 = 80 Profit % = 80/400 Γ— 100 = 20%

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