Question

an article is marked sixty percent above the cost price and sold at twenty percent discount.Find the profit percent made.

Answer 1

If the cost price is 100x.
Marked price=100x + (100x*60)/100 = 160x
Discount= 20%
So selling price= 160x - (160x*20/100)=128x
Profit= SP - CP
= 128x-100x
= 28x

Profit% =( 28x/100x)×100
= 28%

Hope it helps.

Answer 2

let the cost price be x
it is sold at 60% above the cost price 
so, 
 60/100*x
=3x/5
so total sp = 3x/5 +x
                  =8x/5
now this is sold at 20 % discount

so , 20/100*8x/5
           = 8x /25
so total sp = 8x/5-8x/25
                  =32x/25
profit = sp-cp
         32x/25-x
        =7x/25
profit percent = profit/cp*100
                      7x/25/x*100
                  = 7/25*100
                   =7*4
                     =28%

there the profit percentage is 28%