A dealer purchased an article at 20% discount on the marked price but sold it at the marked
price. Find his profit percentage.
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Step-by-step explanation:
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Answer: 25%
Step-by-step explanation:
Let the Marked Price be = 100%
Discount = 20%
Then,
M.P. - Discount
100% - 20%
= 80%
80% is equal to Cost Price.
Then,
M.P. = 100%
For Profit =
Profit = 20%
Profit % = 20/80
=25 %
- Hence the Profit percentage is 25 %.
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