Question

An article purchased 5000 is marked 40% above the cost price and is finally sold allowing a discount of 30% calculate the total profit and profit percent​

Answer 1

Suppose your article costs Rs 100. Marking it above 40% means marking it at 140Rs.

Now, discount of 30% on 140 equals to 42 Rs, so selling Price would be 98Rs.

Thus, you are selling it at 2% Loss.

Hope it helps ❤️

Answer 2

Suppose your article costs Rs 100. Marking it above 40% means marking it at 140Rs.

Now, discount of 30% on 140 equals to 42 Rs, so selling Price would be 98Rs.

Thus, you are selling it at 2% Loss.