Question

The marked price of an article is 20% above the cost price. By what percent the cost price is less than the marked price?​

Answer 1

Step-by-step explanation:

Let the C.P=Rs. 100

then M.P=100+20=Rs. 120

Discount=10%=

100

10

×120=Rs. 12

S.P=M.P− discount =120−12=Rs. 108

Profit=Rs. 8, profit%=

100

8

×100=8%.