Question
Quantity I: The ratio of the cost price to the selling price of an article is 7:11. Calculate the % profit made on the article. Quantity II: An article is purchased for Rs.1250, marked up by 50% above its purchase price, and sold after applying a 10% discount on the marked price. Determine the profit %. Quantity III: An article is sold for Rs.1580. The shopkeeper allows a 20% discount on the marked price, which was initially set with a 40% markup on the cost price. Find the profit %.
For every question, evaluate the three provided quantities, compute their respective values, and analyze how they compare to each other.
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