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    Question

    The cost price of a product is Rs. 400. The shopkeeper

    marks it 25% above the cost price and then offers a discount of 10%. Calculate the overall gain or loss incurred.
    A Rs.50 profit Correct Answer Incorrect Answer
    B Rs.75 loss Correct Answer Incorrect Answer
    C Rs.63 loss Correct Answer Incorrect Answer
    D Rs.98 profit Correct Answer Incorrect Answer

    Solution

    ATQ,

    Marked price of the product = 400 + 400 × (25/100) = Rs. 500

    Selling price of the product = 500 × 0.9 = Rs. 450

    So, overall profit = 450 - 400 = Rs.50

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