Question
The cost price of a washing machine is Rs. 15,000. The
washing machine is marked 25% above its cost price and sold after a discount of Rs. 1,500. If the cost price had been Rs. 3,000 less but sold for the same price, then what would be the percentage of profit earned?Solution
Selling price of the washing machine = 15,000 Ă— 1.25 - 1,500 = Rs. 17,250
So, required percentage = {(17,250 - 12,000) Ă· 12,000} Ă— 100 = 43.75%
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