The marked price of an article is ₹1500. A shopkeeper sells it by giving 20% discount on its marked price. If the cost price of the article is ₹991, then his profit (in ₹) is:
Answer & explanation
Correct answer: option 1
Marked price of an article is ₹1500
Discount = 20%
SP = 80% 0f 1500 = 1200
CP = 991 (Given)
Profit = 1200 - 991= 209