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Multiple Choice Questions

Even after reducing the marked price of a fan by Rs64 a shopkeeper makes a profit of 15 If the cost ...........

Quantitative Aptitude (RBI Grade B) Profit and loss

Even after reducing the marked price of a fan by Rs64, a shopkeeper makes a profit of 15%. If the cost price of fan is Rs640 what percent of profit would have been made if he had sold the fan at the market price?

20%

25%

30%

40%

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Explanation:

Profit = 15% = 3/20. So
CP…………SP
20…………23
640……….736
M.P = 736+64 = 800
Profit % = 160/640* 100 = 25%

Hence, option 2 is the correct answer.

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Even after reducing the marked price of a fan by Rs64 a shopkeeper makes a profit of 15 If the cost ...........

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