Question 61

While selling an article of marked price ₹5,040 at a discount of 40%, if a trader gains 20%, then the profit in ₹ is:

Solution

Marked price = 5040

Discount = 40%

Selling price = 5040$$ \times \frac{60}{100}$$ = 3024

Gain = 20%

So, 120% = 3024

Profit(20%) = $$\frac{3024}{120} \times 20 $$= Rs.504

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