Question
A product is bought at Rs. 1,500. It is labeled 40% higher
than the cost and sold after giving a discount of Rs. 300. Calculate the percentage profit made.Solution
ATQ,
Marked price = 1.4 Ă— 1,500 = Rs. 2,100
Selling price = 2,100 - 300 = Rs. 1,800
Profit = 1,800 - 1,500 = Rs. 300
Profit % = (300 Ă· 1,500) Ă— 100 = 20%
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