Question

the cost price of an article is 1600, which is 20% below the marked price. if the article is sold at a diacount of 16%. find the marked price,SPand profit percentage.​

Answer 1

Answer:

mp=2000,SP=2320,P%=31%

Step-by-step explanation:

CP =1600

X-0.20X=1600

X=1600/0.80

X=2000

So Mp=2000

Discount = Discount % of Marked Price

D=0.16*2000

D=320

MP+D=SP

2000+320=SP

SP=2320

SP-CP=PROFIT

2320-1600=P

P=720

P%=(720/2320)*100

P%=31%