Multiple choice

A man purchased on article for Rs. 2670 and make it marked price 20% more than and allow 10% discount then profit perentage?

  1. 12%

  2. 10%

  3. 6%

  4. 8%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marked Price = Cost Price + 20% = 2670 + (2670 × 0.20) = Rs. 3204. After 10% discount on marked price, Selling Price = 3204 - (3204 × 0.10) = Rs. 2883.60. Profit = Selling Price - Cost Price = 2883.60 - 2670 = Rs. 213.60. Profit percentage = (213.60 / 2670) × 100 = 8%. The profit is 8% of the cost price.

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