Question

The marked price of an article is 20% above the cost price. A discount of 10% is allowed to a Customer. the Profit per cent is:

Answer 1

let the CP = 100

then MP = 120

discount = .01*120 = 12

SP = MP - discount = 120-12 = 108

profit = SP - CP = 108-100 = 8

profit% = (profit/CP)*100 = 8%

Answer 2

Profit percentage = 8 %

Step-by-step explanation:

According to the questions,

Market price of an article is Rs.120/-

Cost price of an article is Rs.100/-

A discount of 10 % given by a customer ,

Then,

Discount = $120\times \frac{10}{100}$

Discount = 12

So, selling price = 120 - 12

= 108

Then, profit percentage = $\frac{8}{100}\times 100$

Profit percentage = 8 %