Question

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

Answer 1

Step-by-step explanation:

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%