Question
The cost price of a gadget is Rs. 3,250. It is tagged 25%
above its cost and sold after a flat discount of Rs. 275. What is the approximate profit percentage earned?Solution
ATQ,
Marked price = 1.25 × 3,250 = Rs. 4,062.5
Selling price = 4,062.5 - 275 = Rs. 3,787.5
Profit = 3,787.5 - 3,250 = Rs. 537.5
Profit % = (537.5 ÷ 3,250) × 100 ≈ 17%
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