Question
A discount of 20% was offered on a product. If the product
was marked 75% above the cost price, find the profit percentage.Solution
ATQ,
Let the cost price of the product be Rs. '100x'
So, marked price of the product = 100x × 1.75 = Rs. '175x'
And selling price of the product = 175x × 0.80 = Rs. '140x'
So, required percentage = {(140x - 100x) / 100x} × 100 = 40%
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