Question
An article has a cost price of Rs. 8,500. It is marked
up by 45% above its cost price and is sold after a discount of Rs. 1,700. What is the percentage profit earned on the sale of the article?Solution
Marked price of article = 1.45 X 8,500 = Rs. 12,325 Selling price of article = 12,325 - 1,700 = Rs. 10,625 So, profit earned = [(10,625 - 8,500) ÷ 8,500] X 100 = (2,125/8,500) X 100 = 25%
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