Question

By selling an article at 80% of its marked price a merchant makes a loss of 12% what is the percentage of profit that the merchant will make if the article is sold at 95% of its marked price​

Answer 1

Explanation:

Let marked price = Rs.100

and selling price = Rs.80

In condition of 10% loss the cost price of article

= 80×10090=Rs.8009

According to the question,

When SP = 95, then Required profit percentage

= 95−80098009×100=558

= 6.9% (approx)