Question

the cost price of an article is 1600 which is 20% below it's marked price. if the article is sold at a discount of 16% find:
I)marked price 2)selling price 3) profit percentage​

Answer 1

Step-by-step explanation:

CP=Rs .1600

Given CP=(M.P−

100

20

MP)

1600=

100

80

M.P

M.P=Rs=2000

S.P (at a 16 M= discount)(2000−2000×

100

16

)

=Rs .1680

Profit =S.P−C.P.

=Rs 80

Profit %=

C.P

Profit

×100=

1600

80

×100=5%