Question

Salim gives discount of 18% to the customer but still makes profit of 23%. Find cost price and selling price if Marked priced of product of product.​

Answer 1

Answer:

Let us assume CP = Rs. 100.

Then Profit = Rs. 80 and selling price = Rs. 180.

The cost increases by 20% → New CP = Rs. 120, SP = Rs. 180.

Profit % = 60/120 * 100 = 50%.

Therefore, Profit decreases by 30%.

Step-by-step explanation:

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