New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A bought an article at 20% less of the marked price and sold it at 10% more than the marked price. Find the profit earned by him.

    A 32.5% Correct Answer Incorrect Answer
    B 33.5% Correct Answer Incorrect Answer
    C 37.5% Correct Answer Incorrect Answer
    D 38.5% Correct Answer Incorrect Answer

    Solution

    Let the marked price be Rs. 100 ∴ C.P. = 100 -20 = 80 And, S.P. = 100 + 10 = 110 Profit= 110 - 80 = 30 Profit % = 30/80 × 100 = 37.5%

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