An Article costs Rs 5000 and it is marked up 40 by the shopkeeper A customer walks into the shop and...........

Quant (SSC) Profit and loss

An Article costs Rs. 5000 and it is marked up 40% by the shopkeeper. A customer walks into the shop and seems really interested in the article. Sensing this, the shopkeeper gets greedy and he raises the markup % to 80% and gives a discount of 20% to the customer. How much more/less money would he had made, had he not gotten greedy?

200 more

200 less

400 more

400 less

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Explanation:

We can compare Selling Price to get the answer.
First Scenario: When markup was 40%
= 140% of 5000 = 7000
Second Scenario: When there is markup of 80 % and then a discount of 20%
= 80% of 180% of 5000 = 7200
In the second scenario, he is earning Rs. 200 less.
So we can say that he would have earned Rs. 200 less, had he not gotten greedy.