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Ramesh marks an article 40% above the cost price and allows a 16% disc

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| Ramesh marks an article 40% above the cost price and allows a 16% discount on the marked price. The profit percentage is:

A. 12

B. 17.6

C. 18.4

D. 7.6

Right Answer is: B

SOLUTION

Let

CP = Rs.100

MP = Rs.140

SP =  Rs.117.6

Profit

Profit % = .

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    1. Ramesh marks an article 40% above the cost price and allows a 16% disc

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