New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The cost price of a gadget is Rs. 3,250. It is tagged 25%

    above its cost and sold after a flat discount of Rs. 275. What is the approximate profit percentage earned?
    A 65% Correct Answer Incorrect Answer
    B 40% Correct Answer Incorrect Answer
    C 17% Correct Answer Incorrect Answer
    D 32% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price = 1.25 × 3,250 = Rs. 4,062.5

    Selling price = 4,062.5 - 275 = Rs. 3,787.5

    Profit = 3,787.5 - 3,250 = Rs. 537.5

    Profit % = (537.5 ÷ 3,250) × 100 ≈ 17%

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