Multiple Choice Questions on A customer saves Rs400 at the rebate of 20 on market price of an article If the cost price of the ar........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A customer saves Rs400 at the rebate of 20 on market price of an article If the cost price of the ar...........

Quantitative Aptitude ( CCS) Profit and loss
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    A customer saves Rs400 at the rebate of 20% on market price of an article. If the cost price of the article for shopkeeper is Rs1200.Then find the profit percent of shopkeeper?

    33(1/3)%

    Correct Answer

    25%

    Incorrect Answer

    20%

    Incorrect Answer

    16(2/3)%

    Incorrect Answer
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    Explanation:

    20% of M.P = 400
    M.P = 2000
    S.P = 1600
    C.P= 1200
    Profit % = 400/1200* 100= 33(1/3)%

    Hence, option 1 is the correct answer.

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