marked price of an article is 30% above its purchased price. If the shopkeeper sold it by allowing 15% discount, then calculate the percentage profit. calculate the marked price and profit amount if the shopkeeper paid Rs 2500 for the article.
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Purchase price is 2500 then mark price will be
130/100x 2500 (bcoz mark price is 30 % more than the purchase price)
130x25 = 3250
Mark price of article is 3250O RS
Now 10 % discount is given
also we know that discount always works on mark price so
90/100x3250 = 2925 RS
now profit on the article is
2925-2500 = 425 RS
now profit %age is
425/2500x100
= 17% profit
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