Question
What was the profit earned by selling an article?
Statement I : The article was sold for Rs 850 after getting a discount of 15% on the labelled price. Statement II : A profit of 4% is made on the labelled price in selling that article. In each of the following questions, a question is followed by two statement. Read all the statements and find that which statements are required to answer the question and answer accordingly.Solution
From statement I, S.P = Rs 850 We can find the MP of article as 100/85 × 850 = Rs 1,000 from statement II, We can find the CP of article by using the MP from statement I as 1000 × 96/100 = Rs 960 Now we have both SP and CP from both statements to find the profit%.
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