Question
An article with a cost price of
Rs. 400 is marked up by 40% above its cost price and sold after a discount of 15%. Calculate the overall profit or loss in the transaction.Solution
ATQ,
Marked Price (MP) = MP = 400+400×0.4 = 400+160 = Rs.560. Selling Price (SP) = SP= 560×0.85 = Rs.476. Overall Profit/Loss = Profit = SP − CP = 476 − 400 = Rs.76.
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