Electrical Engineering (EE) Exam  >  Electrical Engineering (EE) Questions  >   A shopkeeper marks an item for sale at Rs.85... Start Learning for Free
A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper is
  • a)
    26%
  • b)
    35%
  • c)
    36%
  • d)
    45%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A shopkeeper marks an item for sale at Rs.850 and then gives a discou...
To find the profit earned by the shopkeeper, we need to calculate the selling price and then subtract the cost price from it. Let's break down the steps:

Step 1: Calculate the discount amount
Given that the shopkeeper gives a discount of 20% on the marked price of Rs.850, we can calculate the discount amount using the formula:

Discount = (Discount Percentage / 100) * Marked Price

Discount = (20 / 100) * 850
Discount = 170

Step 2: Calculate the selling price
The selling price is the marked price minus the discount amount. So,

Selling Price = Marked Price - Discount
Selling Price = 850 - 170
Selling Price = 680

Step 3: Calculate the profit
Profit is calculated by subtracting the cost price from the selling price. In this case, the cost price is given as Rs.500. So,

Profit = Selling Price - Cost Price
Profit = 680 - 500
Profit = 180

Step 4: Calculate the profit percentage
The profit percentage is calculated by dividing the profit by the cost price and then multiplying by 100. So,

Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (180 / 500) * 100
Profit Percentage = 36%

Therefore, the profit earned by the shopkeeper is 36%, which corresponds to option 'C'.
Free Test
Community Answer
A shopkeeper marks an item for sale at Rs.850 and then gives a discou...
Explore Courses for Electrical Engineering (EE) exam

Top Courses for Electrical Engineering (EE)

A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer?
Question Description
A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? for Electrical Engineering (EE) 2025 is part of Electrical Engineering (EE) preparation. The Question and answers have been prepared according to the Electrical Engineering (EE) exam syllabus. Information about A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Electrical Engineering (EE) 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer?.
Solutions for A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Electrical Engineering (EE). Download more important topics, notes, lectures and mock test series for Electrical Engineering (EE) Exam by signing up for free.
Here you can find the meaning of A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A shopkeeper marks an item for sale at Rs.850 and then gives a discount of 20% on it. The shopkeeper purchased the item for Rs.500. The profit earned by the shopkeeper isa)26%b)35%c)36%d)45%Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Electrical Engineering (EE) tests.
Explore Courses for Electrical Engineering (EE) exam

Top Courses for Electrical Engineering (EE)

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev