An article marked at r.s 800 is sold at a discount of 10% .find its cost price if the dealer makes a profit of 20%. also, find the profit percent if no discount had been allowed Please solve this question
Answers
Discount of 10% on marked price=800*10%=80
Selling price=800-80=720
The dealer makes a profit of 20% means is selling the article at 120%.
120%=720
1%=6
Hence, 100%=600
Thus, the cost price of article= 600
If no discount allowed,
Selling price will become 800
Profit= SP-CP= 800-600=200
Profit percent=(200/600)*100=33.33%
Therefore, the profit percent when no discount allowed=33.33%
Answer:
The profit percent when no discount allowed = 33.33%
Step-by-step explanation:
Marked price of the article is given to be Rs. 800
Discount of 10% on marked price = 10% of 800
= Rs. 80
Selling price = 800 - 80
= Rs. 720
The dealer makes a profit of 20% means is selling the article at 120%.
So, 120% profit at Rs. 720
1% Profit = Rs. 6
Hence, 100% Profit = Rs. 600
Thus, the cost price of article = Rs. 600
If no discount allowed,
Selling price will become 800
Profit = S.P.- C.P.
= 800 - 600
= Rs. 200
Profit percent = (200/600) × 100
= 33.33%
Therefore, the profit percent when no discount allowed = 33.33%