Q. A trader buys an article for ₹800 and marks it 50% above the cost price. After allowing a discount of 20%, what is his profit?
✅ Correct Answer: (C)
₹160
Explanation: MP = 800 × 150/100 = ₹1200. SP = 1200 × 80/100 = ₹960. Profit = 960 - 800 = ₹160.
Explanation by: Krishna Sharma
MP = 800 × 150/100 = ₹1200. SP = 1200 × 80/100 = ₹960. Profit = 960 - 800 = ₹160.