Question
A trader buys an item for Rs. 16,000. He tags it at 40%
above the cost price and sells it after providing a 25% discount. What is the profit (in Rs.) made?Solution
ATQ,
Marked price of item = 1.40 × 16,000 = Rs. 22,400
Selling price of item = 0.75 × 22,400 = Rs. 16,800
Therefore, profit = 16,800 − 16,000 = Rs. 800
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