Question
A man bought an article at 20% less of the marked price
and sold it at 12% 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 + 12 = 112 Profit = 112 - 80 = 32 Profit % = 32/80 x 100 = 40%
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