Question
A trader bought an article for Rs. 1500 and marked it
25% above of its cost price. If he sold it after giving a discount of Rs. 30 then find the profit percent earned by him.Solution
Marked price of the article = 1500 × 1.25 = Rs. 1875 Selling price = 1875 – 30 = Rs. 1845 Profit percentage = [(1845 – 1500)/1500] × 100 = 23%
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