Question

an article is marked 60% above the cost price and sold at 20% discount. find the profit % made.

Answer 1

Let the cost price of the article be x

Marked price of the article would be x + 60% of x

= x + 60x/100

= 160x/100

Selling price of the article would be,

SP = MP x (100-d%)/100

= 160x/100 x (100-20)/100

= 8x/5 x 80/100

= 8x/5 x 4/5

= 32x/25

Profit = SP - CP

= 32x/25 - x

= (32x-25x) / 25

= 7x/25

Profit % = Profit/CP x 100

= (7x/25) / (x) * 100

= 700/25

= 28%

Hence our profit % is 28%