Question
A vendor sets the price of an item 60% more than its
cost and sells it after giving a 35% discount. What is the profit or loss percentage?Solution
ATQ,
Let the cost price of the item be Rs. '100m'
Marked price = 1.60 × 100m = Rs. '160m'
Selling price = 0.65 × 160m = Rs. '104m'
Therefore, percentage of profit = [(104m - 100m) ÷ 100m] × 100 = 4%
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