Question
The marked price of a product is 200 percent of its cost
price. If a discount of 30% is given while selling the product, what will be the profit percentage?Solution
ATQ,
Let the cost price of the product be Rs. '100x'
Marked price of the product = '100x' X 2 = Rs. '200x'
Selling price of the product = '200x' X 0.7 = Rs. '140x'
Profit earned on selling the product = '140x' - '100x' = Rs. '40x'
Required profit percentage = {(40x/100x) X 100} = 40%
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