A dealer sells an article at 125% of the cost price then offers 4% cash discount on it what is the profit percentage ?
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Let Initial price be x
Then selling price = 1.25*x
After discount , selling price = 0.96*1.25*x=1.2x
Profit= (1.2x - x)/x *100 = 20%
Then selling price = 1.25*x
After discount , selling price = 0.96*1.25*x=1.2x
Profit= (1.2x - x)/x *100 = 20%
shah003786:
Thanx but answer is 10%
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125=100=25
4% discount=100 divided by 4 - 1/5 of 25
=25-5
=20% gain
4% discount=100 divided by 4 - 1/5 of 25
=25-5
=20% gain
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