A shopkeeper marks an article at Rs $800$ and gives a discount of $10\%$. If the cost price is Rs $600$, the profit percentage is:

Question

A shopkeeper marks an article at Rs $800$ and gives a discount of $10\%$. If the cost price is Rs $600$, the profit percentage is:

Option A

15%

Option B — Correct answer

20%

Correct choice.

Option C

25%

Option D

30%

Explanation

Selling price $=800\times0.9=720$. Profit $=120$. Profit percent $=\frac{120}{600}\times100=20\%$.

Chapter Mock 4: Profit and Loss