Question
A shopkeeper purchases a shirt for Rs. 400. He marks it
50% above the cost price and offers a discount of 20% on the marked price. What is his profit percentage?Solution
CP = 400 MP = 1.5 × 400 = 600 SP = 600 × 0.80 = 480 Profit = 480 − 400 = 80 Profit % = 80/400 × 100 = 20%
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