📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    A shopkeeper marked an article 50% above its cost price

    and made a profit of Rs. 320 when he sold the article after giving a discount of 20%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2160.
    A 25% Correct Answer Incorrect Answer
    B 26% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.8 × 1.5 × x = Rs. 1.2x According to question; ⇒ 1.2x – x = 320 ⇒ 0.2x = 320 ⇒ x = 1600 Desired Percentage = [(2160 – 1600)/1600] × 100 = 35%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question