Question
A marked an article 50% above the cost price and sold it
for Rs. 600 after giving a discount of 60%. Find the percentage profit earned by him if he sells the article for Rs. 1200.Solution
Marked price of the article = 600/0.4 = Rs. 1500 Cost price of the article = 1500/1.5 = Rs. 1000 Desired Profit percentage = [(1200 – 1000)/1000] × 100 = 20%
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