Question
A marked an article 55% above the cost price and sold it
for Rs. 775 after giving a discount of 50%. Find the percentage profit earned by him if he sells the article for Rs. 1250.Solution
Marked price of the article = 775/0.5 = Rs. 1550 Cost price of the article = 1550/1.55 = Rs. 1000 Desired Profit percentage = [(1250 – 1000)/1000] × 100 = 25%
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