The marked price of an item is Rs. 900 but a retailer purchases it on 40% discount and sells it on Rs. 900. The percentage profit of the retailer is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e.
The decrease in price is 40% i.e. 2/5
⇒ When the decrease in n/(d + n) the increase will be n/d
⇒ The increase will be = 2/3 i.e.