An article is marked 60% above the cost price and sold at 20% discount. Find the profit percent made.
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LET ORIGINAL CP=100
HENCE MARKED PRICE=100 + 60% OF 100 =100 + 100*(60/100) = 160
AND SELLING PRICE = 80% of 160 = 128
Hence Profit% = (128-100)*100/100 = 28%
HENCE MARKED PRICE=100 + 60% OF 100 =100 + 100*(60/100) = 160
AND SELLING PRICE = 80% of 160 = 128
Hence Profit% = (128-100)*100/100 = 28%
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