Question

a shopkeeper buys a dinner set for Rs 1200 and marks it 80% above the cost price. If he gives 15% discount on it find :I) the marked priceii) the selling priceiii) the profit percentage

Answer 1

CP = Rs.1200

MP = 1200 x 180/100 = Rs.2160

SP = 2160 x 85/100 = Rs.1836

Profit  = 1836 - 1200 = Rs.636

Profit in percent = 636/1200  x 100  = 53%