Question

1.Price of an article is first incrsased by 20% and then decreased by 5% What will be the percentage profit or loss

Answer 1

Answer:

The profit is 15%.

Explanation:

Let the price of the article be ₹100.

When the price is first increased by 20%, the price is ₹(100+20)= ₹120.

After that, when the price is decreased by 5%, the price is ₹(120-5)= ₹115.

Therefore, ₹100/115×100%= 15% profit.

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