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CAT 2025 Slot 1 · Quant · Profit, Loss and Discount · easy

A shopkeeper marks an item 40% above its cost price of ₹500 and then offers a 15% discount on the marked price.

Single correct option

A shopkeeper marks an item 40% above its cost price of ₹500 and then offers a 15% discount on the marked price. What is his profit percentage?
  1. A. 15%
  2. B. 17%
  3. C. 19%
  4. D. 21%
Show answer and solution

Answer: (C) 19%

Marked price = 500 × 1.40 = ₹700. Selling price after 15% discount = 700 × 0.85 = ₹595. Profit = 595 − 500 = ₹95. Profit% = 95/500 × 100 = 19%. Shortcut: net multiplier = 1.40 × 0.85 = 1.19, i.e., 19% profit directly.
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Original question written in the CAT 2025 Slot 1 pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake