Question
Cost price of a piece of furniture is Rs. 4,000. It is
labeled 50% above cost and finally sold after reducing Rs. 600 from the marked price. What is the profit percentage made? (Round to nearest integer)Solution
ATQ,
Marked price = 1.5 × 4,000 = Rs. 6,000
Selling price = 6,000 - 600 = Rs. 5,400
Profit = 5,400 - 4,000 = Rs. 1,400
Profit % = (1,400 ÷ 4,000) × 100 = 35%
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