A trader marks his goods 25% above the cost price. He sells it at 20% above the marked price. What is the resultant total profit per cent?
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Answer:
50%
Step-by-step explanation:
let cost price be x;
market price =x + 25% of x:
let be solve
mp = x + (25/100)* x;
= x + 0.25 x;
= 1.25x;
selling price = mp + 20 % of 1.25 x;
= 1.25 x + (20/100)* 1.25 x;
= 1.25 x + 0.25 x;
= 1.5 x;
now Profit % = (sp -cp) / (cp) *100;
= (1.5x-x) / (x) *100;
= 0.5x /x *100;
=50 %
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