Question

What was the profit earned by selling an article? I: The article was sold for Rs 850 after getting a discount of 15% on the labelled price. II: A profit of 4% is made on the labelled price in buying that article.

Q: Answer-What was the profit earned by selling an article? I: The article was sold for Rs 850 after getting a...

From statement I, S.P Rs 850 We can find the MP of article as 10085 850 Rs 1,000 from statement II, We can find the CP of article by using the MP from statement I as 104100 1000 Rs 1040 Now we have both SP and CP from both statements to find the profit.