Question
span >A man bought an article at 20% less of the marked price and sold it at 25% more than the marked price. Find the profit earned by him.
Solution
Let the marked price be Rs. 100
∴ cost price = 100 - 20 = 80
And, selling price = 100 + 25 = 125
Profit = 125 - 80 = 45
Profit % = 45/80 x 100 = 56.25%
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