Question
Download Solution PDFAn article is sold at a selling price (SP) of Rs 2400 after a discount of 20% on the marked price (MP). If the profit earned is 20% of the marked price, what will be the profit if the article is sold at Rs 2700?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe selling price (SP) is Rs 2400 after a discount of 20% on the marked price.
Let the marked price = MP
Discount = 20% of MP = 0.20 × MP
Selling price = MP - Discount
Substituting the values:
2400 = MP - 0.20 × MP
2400 = 0.80 × MP
MP = 2400 / 0.80 = 3000 Rs
The profit is 20% on the marked price.
Profit = 20% of MP = 0.20 × 3000 = 600 Rs
Selling price = Cost price + Profit.
Substituting the values:
2400 = CP + 600
CP = 2400 - 600 = 1800 Rs
New selling price = Rs 2700.
Profit = Selling price - Cost price.
Substituting the values:
Profit = 2700 - 1800 = 900 Rs
Thus, the profit when the article is sold at Rs 2700 is Rs 900.
Last updated on Jun 12, 2025
-> SBI Clerk Mains Scorecard has been released on the Official website and candidates can also check the category-wise and state-wise SBI Clerk Cut Off Marks to check their performance.
-> The SBI Clerk Mains Result was released on 11th June 2025 for the exam held on 10th and 12th April 2025. Earlier, the Prelims exam was held on 22nd, 27th, 28th February and 1st March 2025.
-> Candidates can check the SBI Clerk Mains Exam Analysis for 10th April 2025 from the following Link.
-> The SBI Clerk 2025 Notification was released for 14,191 vacancies.
-> Graduates in any discipline are eligible for this post.
-> The selection process includes Prelims, Mains Exam, and a Language Test.
-> Attempt All India Rank Mega Live Test (Get your All India Live Rank), valid till 21st February 2025, 9 p.m.
-> Candidates must attempt the SBI Clerk mock tests to improve their performance. The SBI Clerk previous year question paper also help the candidates to check their performance.