Question

The cp of an article is 20% less than ita mp.The cp of article is 3600 and discount is 10%.find mp and profit or loss%

Answer 1

Given
Cp=3600

MP is 20% more then cp

Then
Marked price =cpx100+ more/100

=3600x120/100

=4320

Now he allows a discount of 10%

So

Sp=mpx(100-discount) /100

=4320x90/100

=3888

Sp>cp = profit

Profit =sp-cp

=3888-3600=288

Profit %= profit /cp x100

=288/3600 x 100

=8%

Profit %=8%

Mp=4320


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