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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'.
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'.
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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) 2026 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) 2026 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?.
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