New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A shopkeeper sold an article at marked price and got a profit of 50%. If he had given a discount of 20%, then find his new profit percent.

    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the product be Rs. 100 Then, marked price = selling price = 100 × 1.50 = Rs. 150 If he allows a discount of 20%, then new selling price = 0.80 × 150 = Rs. 120 New Profit = (120 – 100) = Rs. 20 So, required profit percentage = 20%

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