. The cost price of an article is 21600, which is 20% below the marked price. If the
article is sold at a discount of 16%, find :
(i) the marked price (ii) the selling price (iii) profit percentage.
1
lain monde and still earns a profit of 20%. If an
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Answer:
(i) 27,000
(ii) 22,680
(iii) 4,76%
Step-by-step explanation:
The cost of the article is 21600, which is 20% below the marked price.
So 21600 is 80% of the marked price.
(so the 100% will gives us the marked price.)
Get 1%: 21600/80 = 270
Marketprice (100%) 270 * 100 = 27000.
Check if the answer is correct:
270000 * 0,8 = 21600
(ii) Selling price = marketprice - discount
Selling price = 270000 * (100-16)
Selling price = 270000 * 0.84 = 22,680
(iii) Profit percentage
Profit = Selling price - cost price
Profit = 22,680 - 21,600 = 1,080
Profit percentage = (profit / selling price ) * 100%
Profit percentage = 1,080/22,680 *100%
Profit percentage = 4,76%
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