Profit and Loss Q.14

14The cost of an article is Rs 500 and its original price was marked up 40% by the shopkeeper. Then shopkeeper sets a new price, he marks the cost price up by 80% and then gives a discount of 20% to the customer. How much more/less money will the shopkeeper makes now?

Option : A
Explanation : Old sales price = 500 + 40% of 500 = Rs 700
New marked sales price = 500 + 80% of 500 = Rs 900
Discounted price = 900 – 20% of 900 = Rs 720
Thus new price is higher by Rs 20

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