Multiple choice

The marked price of an article is Rs. 1500. A shopkeeper sells it by giving 20% discount on its marked price. If the cost price of the article is Rs. 991, then his profit (in Rs.) is:

  1. 209

  2. 189

  3. 319

  4. 199

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Selling price after 20% discount on Rs. 1500 = 1500 - (20/100 × 1500) = 1500 - 300 = Rs. 1200. Profit = Selling Price - Cost Price = 1200 - 991 = Rs. 209. The key is to first calculate the selling price after discount, then subtract cost price to find profit.