Question

deepak purchased an
article at 4/5 of its
marked price and sold
it at 20% more
than the marked price . then the loss or gain percent ?​

Answer 1

Answer:

Profit%=50%

Step-by-step explanation:

Let the MP be Rs.100

CP= 4/5 of MP

=4/5 × 100=80

CP=Rs.80

SP=MP+20% of MP

=100+20/100 ×100=120

SP=Rs.120

As,SP>CP, so there is a profit.

Profit=SP-CP

=120-80=40

Profit%=Profit/CP × 100

=40/80×100=50%

Profit%=50%