Question
A marked an article 56% above the cost price and sold it
for Rs. 585 after giving a discount of 45%. Find the percentage profit earned by him if he sells the article for Rs. 1300.Solution
Marked price of the article = 858/0.55 = Rs. 1560 Cost price of the article = 1560/1.56 = Rs. 1000 Desired Profit percentage = [(1300 – 1000)/1000] × 100 = 30%
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