A shopkeeper marked an article 50% above its cost price and made a profit of Rs. 200 when he sold the article after giving a discount of 25%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2240.
Let cost price of the article is Rs. x So, Selling price of the article = 0.75 x 1.5 x x = Rs. 1.125x According to question; 1.125x - x = 200 0.125x = 200 x = 1600 Desired Percentage = [(2240 - 1600)/1600] x 100 = 40%
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