Question
A dealer marks his article 50% above the cost price and
gives a discount of 20% on it. If he later marked his article 75% above the cost price and gave a discount of 20% on it then earlier profit is what % of the later profit?Solution
ATQ, we can say that Let the CP be = 100 Then MP will be = 150 Therefore, SP will be = 150 x (80/100) = 120 Hence, the Profit will be then = 120 - 100 = 20 Then the new MP will be = 175 Therefore, the SP will be = (175/100) x 80 = 140 Hence profit will be = 140 - 100 = 40 Hence, the required% will be = (20/40) x 100 = 50%
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