Question

A man purchased 250 articles at rupees 8each and marked each article at rupees 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 ​

Answer 1

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 %