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    Question

    A shopkeeper marked his article 25% above its cost price

    and offered a discount of 30%. If cost price of the article is Rs. 560, then find profit or loss of the shopkeeper on selling the article
    A Rs. 75 Correct Answer Incorrect Answer
    B Rs. 72 Correct Answer Incorrect Answer
    C Rs. 70 Correct Answer Incorrect Answer
    D Rs. 73 Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 1.25 × 560 = Rs. 700 Selling price of the article = 0.7 × 700 = Rs. 490 Loss = 560 – 490 = Rs. 70

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