Question

A shopkeeper marks an article 20% above its cost price and allows a discount of 15% find his percentage of profit

Answer 1

Answer:

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Answer 2

Given ; A shopkeeper marks an article 20% above its cost price and allows a discount of 15%

To Find ; Percentage of profit

Solution ; it is given that A shopkeeper marks an article 20% above its cost price and allows a discount of 15%

Let the cost price of article = x

Marked price above cost price = 0.5 x

Discount on marked price = 0.15* 0.5x

= 0.075 x

profit percent = 0.075x/x *100

= 7.5 percent

Hence the profit percent is 7.5 percent