Multiple choice

Choose the correct answer from the alternatives given. Even after allowing a discount of Rs. 32 on an article, a shopkeeper makes a profit of 15%. If the cost price be Rs. 320, what percentage of profit would he have made if he had sold the article at the marked price?

  1. 20%

  2. 10%

  3. 25%

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price is 320. Profit is 15%, so selling price = 320 * 1.15 = 368. Since there was a discount of 32, the marked price = 368 + 32 = 400. If sold at marked price (400), profit = 400 - 320 = 80. Profit percentage = (80/320) * 100 = 25%.

AI explanation

Using the selling price formula, the selling price is 320 * 1.15 = 368. Since the marked price is the discount added back to the selling price, it is 368 + 32 = 400. The profit percentage if sold at the marked price is calculated by ((400 - 320) / 320) * 100 = 25%. He would have made a 25% profit.

Keep practicing — related questions