Question
The cost price of a television is Rs. 8,000. The television is marked 40% above its cost price and sold after a discount of Rs. 1,200. If the cost price of the television had been Rs. 1,500 less but it was sold for the same price as before, then what would be the percentage of profit earned?
Solution
Selling price of the television = 8,000 × 1.40 - 1,200 = Rs. 10,000
So, required percentage = {(10,000 - 6,500) ÷ 6,500} × 100 = 53.85%
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