Question
A shopkeeper marks an item at Rs 2400 and allows a
discount of 20% on the marked price. If his cost price is Rs 1600, find his profit percentage.Solution
Marked price (MP) = 2400 Discount = 20% of 2400 = 480 Selling price (SP) = 2400 − 480 = 1920 Cost price (CP) = 1600 Profit = SP − CP = 1920 − 1600 = 320 Profit% = (320 / 1600) × 100 = 20% Answer: Profit percentage = 20%.
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