Question

Mister Limbu bought a bicycle for Rs2500 and he labelled it's price 20 Percent above the cost price if he allows 10percent disc

ount to a customer, find his profit percent ​

Answer 1

Answer: 8%

Explanation:

Purchase Price is $2500

Ticket Price is $2500(1 + 20%)

= $2500(1.2)

= $3000

Discounted Price is $3000(1 - 10%)

= $3000(0.9)

= $2700

The profit made is $2700 - $2500 = $200

Profit Percentage is Profit ÷ Purchase Price:
`(200)/(2500)=0.8=\large\boxed{8\%}`