Question
An item was purchased for Rs. 1,800. It was marked up by
35% and sold after providing a discount of Rs. 360. Find the profit percentage made on the transaction.Solution
ATQ,
Marked price = 1.35 × 1,800 = Rs. 2,430
Selling price = 2,430 - 360 = Rs. 2,070
Profit = 2,070 - 1,800 = Rs. 270
Profit % = (270 ÷ 1,800) × 100 = 15%
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