Question

The marked price of a bag is 20 percent above the selling price and cost price is 40 percent below the marked price. Find the profit percent amd discount percent.

Answer 1

Answer:

here's your answer

Step-by-step explanation:

Given,

MP = 300

Marked price was 50% above the cost price.

So,

CP = 200 [As 200 + 50% of 200 = 300]

Let the SP was X.

New MP = 300 + 20% of 300 = 360.So,

New SP = X +20% of X = 1.2X

Now, according to question,

1.2X -200 = 2*(X -200)

1.2X - 200 = 2X - 400

0.8X = 200

X = 250.

Thus, original selling price was Rs. 250.