Question
A product has a cost price of Rs.
480. It is marked up by 25% above its cost price and is sold after a discount of 15%. Calculate the overall profit or loss in the transaction.Solution
ATQ, Marked price of the product = 480 + 480 Ă— (25/100) = Rs. 600 Selling price of the product = 600 Ă— 0.85 = Rs. 510 So, overall profit = 510 - 480 = Rs. 30
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