QA – Placement Quizzes | Profit and Loss | Question 8

For a shirt cost price = 400Rs. Shopkeeper prints a tag on it with Markup% = 20% to earn a profit of 7.5%. How much profit shopkeeper earns?

(A) Rs 40
(B) Rs 50
(C) Rs 60
(D) Rs 30


Answer: (D)

Explanation: Profit = CP. Profit%/100 = 400 . 7.5/100 = 30

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