A store usually sells a certain item at 40% profit. In one week the store has a sale during which the item is sold 10% less than the usual price. During the sale what is the profit the store makes on the item?

A 10%

B 16%

C 26%

D 28%

Solution

Correct Answer: Option C

Suppose, cost price=100 tk at 40% profit, selling price= 100+40=140 tk 10% less selling price={140-(140x10/100)}= 140-14=126tk profit=(126-100)=26 tk

Solution

Practice More Questions on Our App!

Related Topics