Question
A man bought an article at 12.5% less of the marked
price and sold it at 5% more than the marked price. Find the profit earned by him.Solution
Let the marked price be Rs. 100 ∴ cost price = 100 - 12.5 = 87.5 And, selling price = 100 + 5 = 105 Profit = 105 - 87.5 = 17.5 Profit % = 17.5/87.5 x 100 = 20%
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