Question

The cost price of an article is increased by 20% and then 5% discount is given on it. What is the profit percent?​

Answer 1

Answer:

14%

Step-by-step explanation:

Let the price be x

Lets take an example, of price 100units

Now, 20% of 100 = 20

So, the increased price is 120 units,

now, 5% of 120 = 6

So, the decreased price is 114 units

Therefore, profit percent will be (114)/1 -100 = 14%

To recheck, the profit is 100 + 14% of 100

= 100 + 14 = 114

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Lets take another example, of price 200units

Now, 20% of 200 = 40

So, the increased price is 240

Now, 5% of 240 = 12

So, the decreased price is 228

Therefore , the profit percent =(228)/2 - 100 = 14%

To recheck, the profit of the article is 200 + 14% of 200

= 200 + 28 = 228...

I hope you got it!