Question

A TV is bought for Rupees 42500 and is marked 15 % above cost price. Find the gain or loss percent if 12% discount is allowed on the Marked price.

Answer 1

Answer:

Let CP = X

MP = X+X×15/100

==== 23X/20

SP = 23X/20 -23X/20 ×12/100

SP = 23X/20 -69X/500

SP = 575X -69X /500

SP = 506X/500

ATQ

SP = 42500

506X/500 =42500

X=41996.04 rupees

Profit % =

(42500 - 41996.4) /41996.04 ×100

= 1.2

So profit % is 1.2