A man bought an article on 30% discount and sold it at 40% more than the Marked Price .
Find the profit made by him.
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100% Profit if a A man bought an article on 30% discount and sold it at 40% more than the Marked Price
Step-by-step explanation:
Let say Marked Price = M
Discount = 30 % = (30/100)M = 0.3M
Cost Price = M - 0.3M = 0.7M
sold at 40% more than the Marked Price .
=> Selling Price = M + (40/100)M
=> Selling Price = 1.4M
Profit = Selling Price - Cost Price
=> profit = 1.4M - 0.7M =0.7M
Profit % = ( profit/Cost Price ) * 100
=> Profit % = (0.7M / 0.7M) * 100
=> Profit = 100 %
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