Question
A trader purchases an article for Rs. 2,600. It is marked
at 20% above cost price and then sold after offering a discount of Rs. 200. Determine the profit percentage (rounded off).Solution
ATQ,
Marked price = 1.2 × 2,600 = Rs. 3,120
Selling price = 3,120 - 200 = Rs. 2,920
Profit = 2,920 - 2,600 = Rs. 320
Profit % = (320 ÷ 2,600) × 100 ≈ 12%
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