Profit and loss

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An article costing Rs. 363 is marked to be sold at a price which gives a profit of 20%. What will be its selling price in a sale when 15% is taken off the marked price?

Rs. 390.56

Rs. 390.26

Rs. 382.26

None of these

Explanation:

Net profit on the article
= + 20 – 15 – 20 × 15 /100 = +2%
∴ Selling price of the article = 363 × 1.02 = Rs. 370.26

By: Amit Kumar

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