Question

The marked price of an article is Rs 2,800 which is 40 % above the cost price. If it

is sold by allowing 20 % discount, what will be the profit percent?
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Answer 1

mp=2800

mp=cp+40%ofcp=cp+40/100×cp=1.4cp

2800=1.4çp

cp=2800/1.4=2000

discount=20%

profit%=?

Explanation:

sp=mp-discount%of mp=2800-20/100×2800=2240

profit=sp-cp=2240-2000=240

profit%=profit/cp×100%=240/2000×100%=12%