Question
A shopkeeper marks an article 40% above its cost price
and allows a discount of 15% on the marked price. If the cost price is Rs 2500, then the profit is:Solution
ATQ, Cost price = 2500 Marked price = 2500 x 140/100 = 3500 Selling price = 3500 x 85/100 = 2975 Profit = 2975 - 2500 = 475
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