Question

a cloth seller marks a dress at 45%above the cost price and allows a discount of 20%. What profit does he make in selling the dress?​

Answer 1

Profit = 16%

Step-by-step explanation:

According to the questions,

Suppose, cost price (CP) is 100 rs. and market price is marked above

the 45 % of cost price.

Then,

Market price = $100 + 100\times \frac{45}{100}$

MRP = 100 + 45

        = 145 Rs

145 - 20 % discount on market price = selling price

$145 - 145\times\frac{20}{100}$ = SP

⇒ SP = $145 - 29$

⇒ SP = 116

Profit = $\frac{16}{100}\times{100}$

Profit = 16%