Multiple choice

A shopkeeper purchased an article for Rs. 4500 and marked it with 20% hike. On demand, he offered a discount of 12% on the marked price. What percentage was his profit?

  1. 5.0

  2. 5.6

  3. 6.2

  4. 10

  5. 12
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

CP = 4500. Marked Price = 4500 * 1.2 = 5400. Discounted Price = 5400 * 0.88 = 4752. Profit = 4752 - 4500 = 252. Profit % = (252 / 4500) * 100 = 5.6%.

AI explanation

The marked price is a 20 percent hike on 4500, which equals 5400. The selling price after a 12 percent discount is 88 percent of 5400, resulting in 4752. Using the profit percentage formula, the profit is 4752 minus 4500, equaling 252. Dividing 252 by the cost price of 4500 gives a profit of 5.6 percent.

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