Question
A trader marks a product at Rs 1,600. He gives a 10%
discount and sells it. If the cost price is Rs 1,200, what is his profit percentage?Solution
Selling price after 10% discount: = 1,600 − 0.10 × 1,600 = 1,600 − 160 = 1,440 Profit = 1,440 − 1,200 = 240 Profit% = (240 / 1,200) × 100 = 20%
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