Question : The marked price of a calculator is Rs. 1600. It is sold at a discount of 28 percent. If the cost price of the calculator is Rs. 700, then what is the value of profit?
Option 1: Rs 438
Option 2: Rs 452
Option 3: Rs 498
Option 4: Rs 405
Correct Answer: Rs 452
Solution :
The discount is given as 28% of the marked price.
Discount = $\frac{28}{100}$ × Marked Price = $\frac{28}{100}$×1600 = 448
Selling price = Marked price − Discount = 1600 − 448 = 1152
Profit = Selling price − Cost price = 1152 − 700 = 452
Hence, the correct answer is Rs. 452.
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