Question
An article is marked 60% above its cost price and sold
after allowing a discount of 20%. If the selling price of the article is Rs. 4,800, then find the profit earned on selling the article.Solution
ATQ,
Let the cost price of article be Rs. '100b'
Marked price of article = 1.60 × 100b = Rs. '160b'
Selling price of article = 0.80 × 160b = Rs. '128b'
So, 128b = 4,800
Or, 'b' = 37.5
Therefore, required profit = 28 × 37.5 = Rs. 1,050
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