Question

If selling price of an object is 60% of its marked price and cost price of that object is 50% of the SP. Then the profit is​

Answer 1

Step-by-step explanation:

Let the marked price be x

Therefore, SP=60x/100 or 3x/5

Now, CP=50%of SP

Therefore,CP=50/100×3x/5 =3x/10

We know that profit =SP-CP

=(3x/5)-(3x/10)=3x/10

Therefore profit=3/10× marked price

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