Question
A marked an article 60% above the cost price and sold it
for Rs. 450 after giving a discount of 10%. Find the percentage profit earned by him if he sells the article for Rs. 350.Solution
Marked price of the article = 450/0.9 = Rs. 500 Cost price of the article = 500/1.6 = Rs. 312.5 Desired Profit percentage = [(350 – 312.5)/312.5] × 100 = 12%
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