Question
A marked an article 60% above the cost price and sold it for Rs. 576 after giving a discount of 28%. Find the percentage profit earned by him if he sells the article for Rs. 700.
Solution
Marked price of the article = 576/0.72 = Rs. 800 Cost price of the article = 800/1.6 = Rs. 500 Desired Profit percentage = [(700 – 500)/500] × 100 = 40%
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