Question
A marked an article 40% above the cost price and sold it
for Rs. 518 after giving a discount of 26%. Find the percentage profit earned by him if he sells the article for Rs. 600.Solution
Marked price of the article = 518/0.74 = Rs. 700 Cost price of the article = 700/1.4 = Rs. 500 Desired Profit percentage = [(600 – 500)/500] × 100 = 20%
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