QA – Placement Quizzes | Profit and Loss | Question 10

Cost Price of a shirt is Rs 400. Shopkeeper prints a tag on it with Markup% = 20% to earn a profit of 7.5%. What is discount amount?

(A) Rs 80
(B) Rs 100
(C) Rs 50
(D) Rs 60


Answer: (C)

Explanation: Discount = MP – SP = 480 – 430 = 50

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