Question

A man purchased 250 articles at 8 each and marked each article at 12. He was
able to sell only 200 articles at 15% discount and the remaining articles were
damaged. Calculate his profit or loss and express it as percent.
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Answer 1

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Step-by-step explanation:

CP = 250 × 8 = 2000

SP = 200 × (12 - 15/100×12) = 200 × (12 - 9/5) = 2040

As SP > CP, profit is made

Profit = SP - CP = 2040 - 2000 = 40

Profit % = Profit/CP × 100 = 40/2000 × 100 = 2 %