Question

A man bought an article on 30% discount and sold it at 40% more than the marked price.Find the profit made by him​

Answer 1

Answer: 100%

Step-by-step explanation:

Let the marked price = Rs. 100

Man bought is at 30 percent discount

Therefore

CP of article for man = $100 - 30\% \text { of } 100 = 100-30 = Rs.70$

Man sold it at 40% more than marked price

SP of article for = $100+ 40\% \text { of } 100 = 100+40 = Rs. 140$

Profit = SP - CP = 140 - 70 = Rs. 70

Profit percentage = $\dfrac{Profit}{CP} \times 100 = \dfrac{70}{70} \times 100 = 100\%$

Hence, the man made a profit of 100%

Answer 2

Answer:

7/10 x

Step-by-step explanation:

This is a question on money.

In this question the marked price and the buying price are two different entities because we are given the discount .

The marked price is always 100%

Since we have not been given values here we shall take the marked price as an unknown value e.g x

So the marked price is x

X = 100 %

A man bought it at a discount of 30% meaning the buying price was less than the marked price by 30%

To get the buying price

100 % - 30 % = 70 %

The man bought the item at 70 %

100 % = x

70% = ?

70/100 × x

The buying price will be therefore 7/10x

He sold the item at 40 % more than the marked price and in this case the marked price is x shs

The selling price was 40 % higher than the marked meaning he sold it at 140 %

100% = x

140%= ?

140/100 × x

14/10 x that is his selling price

Profit = selling price - buying price

14/10 x - 7/10 x = 7/10

Profit is 7/10 x shillings