Question

. 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​

Answer 1

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%