Question
The marked price of a gadget is 175 percent of its cost
price. If a 15% discount is offered at the time of sale, what will be the profit percentage?Solution
ATQ,
Let the cost price of the gadget be Rs. '100x'
Marked price of the gadget = '100x' X 1.75 = Rs. '175x'
Selling price of the gadget = '175x' X 0.85 = Rs. '148.75x'
Profit earned on selling the gadget = '148.75x' - '100x' = Rs. '48.75x'
Required profit percentage = {(48.75x/100x) X 100} = 48.75%
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