Question

a trader buys an article for ₹ 1,200 and marks it 30%above the c.p. he then sells it after allowing a discount of 20%. find the s.p and the profit percent?

Answer 1

30% of the cost price = (30/100)×1200 = 360
marked price = 1200+360 = 1560.
20% of 1560 = (20/100)×1560 =312.
so, SP = 1560-312 = 1284 rupees.

Answer 2

Hey user

Here is your answer :-

Cost price = Rs 1200

Marked price = C.P +30% of C.P.

= 1200 + 30 /100 × 1200

= 12 × 30 + 1200

= 1560 .

So the marked price is Rs 1560.

Selling price = 1569 - 20% of 1560

= 1560 - 20/100 × 1560

= 1560 - 1/5 × 1560

= 1560 - 312

= 1248 .

So the selling price is Rs 1248

Profit = S.P. - C.P.

= 1248 - 1200

= 48

So the profit is Rs 48 .

Profit percent = profit/C.P. × 100

= 48/1200 × 100

= 4 %

So the profit ( in percent ) is 4% .

Thank you .