While selling an article of marked price

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Home Questions NQUS2BAA26

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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

Options:

₹642

₹504

₹720

₹2,520

Correct Answer:

₹504

Explanation:

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