Question
A marked an article 65% above the cost price and sold it
for Rs. 462 after giving a discount of 30%. Find the percentage profit earned by him if he sells the article for Rs. 800.Solution
Marked price of the article = 462/0.7 = Rs. 660 Cost price of the article = 660/1.65 = Rs. 400 Desired Profit percentage = [(800 – 400)/400] × 100 = 100%
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