Question

A trader marks the price of an artical 50% above the cost price. He gives 12% discount to the buyers and earns a profit of Rs 16 on the article. Find the cost price of the article.​

Answer 1

Answer:

20

Step-by-step explanation:

Let the original C.P. be Rs. 100.

Then the marked price =50% of 100+100=150

S.P. =150−20% of 150 =150−30=120.

% profit =

100

(120−100)×100

=20%

Thus, the profit percent is 20%.