Question

A man purchased an article for Rs. 1200 at 20% discount. If he sold it at Rs. 100 more than its marked price .what is profit percentage ? (Answer 33.33%)
plz solve it step by step ​

Answer 1

Given,

Sold Price = 1200 + 100 = Rs 1300 (sold at Rs 100 more than its marked price)

Discount price he gets when he purchased it = 20% of 1200 = Rs 240

Actual price when he purchased the article = 1200 - 240 = Rs 960

Total profit he gets  = Rs 240 + Rs 100 = Rs 340

∴ Profit% = 340/1300 = 26.153%

$\boxed{\bold{\therefore Profit\%=26.153\%}}$