AFCAT Model Paper 4

Given:
Cost price of the article = Rs. 300
Marked price of the article = Rs. 500
Formula:
Profit = SP – CP
Profit = [Profit/CP] × 100
Calculation:
Selling price of the article =500×(

80

100

)×(

90

100

)
⇒ Rs. 360
Profit = Rs. 360 – Rs. 300 = Rs. 60
∴ Profit % = (60/300) × 100 = 20%