Question
A marked an article 50% above the cost price and sold it
for Rs. 480 after giving a discount of 20%. Find the percentage profit earned by him if he sells the article for Rs. 500.Solution
Marked price of the article = 480/0.80 = Rs. 600 Cost price of the article = 600/1.5 = Rs. 400 Desired Profit percentage = [(500 – 400)/400] × 100 = 25%
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