Multiple choice

The cost price of an article is Rs. 2,400 and it is marked at 25% above the cost price. Find the profit and the profit percent, if the article is sold at 15% discount.

  1. Rs. $120$ and $3.37$%
  2. Rs. $130$ and $4.25$%
  3. Rs. $140$ and $6$%
  4. Rs. $150$ and $6.25$%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost = 2400. Marked price = 2400 * 1.25 = 3000. Selling price = 3000 * 0.85 = 2550. Profit = 2550 - 2400 = 150. Profit % = (150/2400) * 100 = 6.25%.

AI explanation

The marked price is 25% above the cost price, calculated as 2400 + (25/100 * 2400) = 3000. Applying a 15% discount gives the selling price of 3000 - (15/100 * 3000) = 2550. The profit is 2550 - 2400 = 150, and the profit percent is (150 / 2400) * 100 = 6.25%. The profit is Rs. 150 and the profit percent is 6.25%.

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