Question
An article is marked 20% above its cost price. A
discount of 10% is given on the marked price. Find the profit %.Solution
ATQ, Let CP = 100 MP = 100 + 20% of 100 = 120 SP after 10% discount = 120 × 0.9 = 108 Profit = 108 − 100 = 8 Profit% = 8%
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