Question
The marked price of an article is Rs. 1500. A shopkeeper
gives a discount of 20% on it. If the cost price of the article is Rs. 1000, find his profit percentage.Solution
Selling price after 20% discount: SP = 1500 × (1 − 20/100) = 1500 × 0.80 = 1200 CP = 1000 Profit = SP − CP = 1200 − 1000 = 200 Profit % = (200 / 1000) × 100 = 20% Answer: 20% profit
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