If the marked price of an object is 30% more than its cost price, and 10% discount is given, what is the percentage of the profit?
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Answer:
The percentage of Profit is 20%.
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Step-by-step explanation:
Let the cost price be 100
Marked price is 30% above it or 100+30= 130.
Discount given is 10% of 130 which is 13
Sale price is 130–13 =117
Profit is 17
Profit as percentage of cost is 17/100=17%
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