Question

74. A trader marked his articles 20% above cost price.
The cost price per article is 250. If he allows 10%
discount on the marked price, then find his profit
percentage.​

Answer 1

Answer:

8%

Step-by-step explanation:

Cost Price = 250

Marked Price = 250 + 20% of 250 = 300

Price after discount 10%= 300 - 10% of 300 = 270.

Profit = 270 - 250 = 20

Profit Percent = 20*100/250 = 8%