Question

An article is marked 60% above the cost price and sold at 20% discount. Find the profit percent made.

Answer 1

Heya, ______________________________

Thanks for question !

Let the CP be Rs 100

MP = 100 + ( 60/100 × 100 )
= Rs 160

Then 20% discount was allowed,

Discount % = 20
Discount = 20/100 × Rs 160
= Rs 32

SP = MP - Discount

SP = Rs ( 160 - 32 )
= Rs 128

Profit = Rs ( 128 - 100 )
= Rs 28

Profit % = Profit / CP × 100
= ( 28 / 100 × 100 ) %
= 28%

Hope it helps☺!✌

Answer 2

Dear Student,

● Answer -

28 % profit

● Explanation -

Let x be cost price of article.

Given that article is marked 60% above the cost price.

Marked price = Cost price × (100+60)/100

Marked price = x × 160/100

It is sold at 20%. So selling price must be -

Selling price = Marked price × (100-20)/100

Selling price = x × 160/100 × 80/100

Selling price = x × 128/100

Selling price = 128% of x

So total profit made by the seller is 128-100 = 28%.

Thanks dear...