Question
A marked an article 45% above the cost price and sold it
for Rs. 1885 after giving a discount of 35%. Find the percentage profit earned by him if he sells the article for Rs. 2500.Solution
Marked price of the article = 1885/0.65 = Rs. 2900 Cost price of the article = 2900/1.45 = Rs. 2000 Desired Profit percentage = [(2500 – 2000)/2000] × 100 = 25%
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