Question
A man bought an article at 30% 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 - 30 = 70
And, selling price = 100 + 12 = 112
Profit = 112 - 70 = 42
Profit % = 42/70 x 100 = 60%
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