Question
Easy
The cost price of an article is 750. It is sold for 608 by giving 24% discount on its marked price. Had it been sold on its marked price, then what would have been the profit percent ?
1
6$\frac{2}{3}$%
2
5%
3
6%
4
5$\frac{1}{3}$%
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option A
Explanation
To determine the profit percent when the article is sold at its marked price, we need to follow these steps: 1. Determine the Marked Price (MP): - The article is sold for 608 after a 24% discount on the marked price. - Let the marked price be x. - Given that a 24% discount on the marked price results in a selling price of ` 608, we can…Read More
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