The marked price of an article is fixed at 20% profit . what will be the percentage of profit or loss is 12 1/2% comission is allowed on marked price ? (step by step explanation)
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let the cost price of article be 100
ATQ- mp is fixed at 20 percent profit
= mp =120
ATQ= what will be the profit percent if commision allowed is 12 1/2 on mp
=25/2 × 1/100 × rupees 120
=25/10 ×6
=150/10
=15
=15 percent profit is there if commision raised by 12 1/2 percent
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