Question

Cost price of the product is rs 7000 mark up is 40% and discount is 20% then profit percentage is

Answer 1

Answer:

12%

Step-by-step explanation:

Given Cost price of the product is rs 7000 mark up is 40% and discount is 20% then profit percentage is

We know that cost price = 7000

Markup price = 40% of 7000

                     = 40/100 x 7000

                      = Rs 2800

M.P = 7000 + 2800 = Rs 9800

Discount = 20%

So 20 /100 x 9800 = Rs 1960

Therefore selling price = 9800 - 1960

                                       = Rs 7,840

Now C.P = 7000

So profit will be 7840 - 7000 = Rs 840

For Rs 7000 profit will be Rs 840

So for 100 it will be 100 x 840 / 7000 = 12%

So profit percentage will be 12%