While selling an article of marked price ₹5,040 at a discount of 40%, if a trader gains 20%, then the profit in ₹ is:
Answer & explanation
Correct answer: option 2
Marked Price = Rs. 5040
SP of the article = 5040 × \(\frac{3}{5}\) = 3024
CP of the article = 3024 × \(\frac{5}{6}\) = 2520
Profit = 3024 – 2520 = 504