While selling an article of marked price Rs.5,040 at a discount of 40%, if a trader gains 20%, then the profit in Rs is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.504.
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Understanding/Application |
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M.P. = Rs. 5040 Discount = 40% S.P. = 5040 × 60/100 = 3024 |
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Gain = 20% 120% = 3024 Profit(20%) = 3024 × 20/120 = Rs. 504 |