Question

A cost price of a black and white TV is 2400 which is 20 percent below its marked price. if it is sold at a discount of 16 % on the Marked price.
find: the MP
selling price
and profit percent

Answer 1

Let the marked price be m.

The cost price is :

0.8m since it is below the marked price by 0.2.

0.8m = 2400

m = 2400/0.8

m = 3000 (marked price)

Selling price :

It is sold at a discount of 16% of the marked price hence :

Selling price = 84% of 3000

0.84 × 3000 = 2520

= 2520

The profit percent

Profit = selling price - buying price

2520 - 2400 = 120

120/2400 × 100 = 5%