Question
An article is bought for ₹1200. It is marked 50% above cost price and then sold at a discount of 20% on marked price. The profit percent is:
Solution
ATQ, CP = 1200 MP = 1200 × 150% = 1800 SP = 1800 × 80% = 1440 Profit = 1440 − 1200 = 240 Profit% = (240/1200)×100 = 20%
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