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    Question

    A bought an article at 20% less of the marked price and sold it at 12% more than the marked price. Find the profit earned by him.

    A 42% Correct Answer Incorrect Answer
    B 45% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 41% Correct Answer Incorrect Answer

    Solution

    Let the marked price be Rs. 100 ∴ C.P. = 100 - 20 = 80 And, S.P. = 100 + 12 = 112 Profit= 112 - 80 = 32 Profit % = 32/80 × 100 = 40%

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