Question

A canvas costs Rs. 500 and the marked price is printed as Rs. 800. What is the profit % for the seller if he sells and offers a discount of 10% on the marked price?
1. 44%
2. 33%
3. 24%
4. 45%
5. 35%

Answer 1

Correct Answer - Option 1 : 44%

Given:

C.P of canvas = Rs. 500

M.P of canvas = Rs. 800

Discount = 10%

Calculations:

After allowing a discount of 10% we get,

⇒ 90% of 800

⇒ 90/100 × 800

⇒ 720

∴ S.P = Rs. 720

Profit = S.P – C.P

⇒ 720 – 500

⇒ 220

Profit% = Profit/C.P × 100

⇒ 220/500 × 100

⇒ 44%

The profit% for the seller is 44%.