Question

The marked price of an article is Rs 2,800 which is 40 % above the cost price. If it
is sold by allowing 20 % discount, what will be the profit percent.?​

Answer 1

Marked Price ( MP ) = Rs. 2800

40% above cost price ( CP )

Calculation of cost price of article :

----->  CP x (100 +40)% = MP

-----> CP x 140% = 2800

------> CP x 140/100 = 2800

-------> CP = 2800 x 100/140

-------> CP = 20 x 100

-------> CP = 2000

◗ Cost Price of the Article is Rs. 2000

Marked Price ( MP ) = Rs. 2800

Discount% = 20%

Calculation of selling price of article :

SP = MP x ( 100 - Discount ) %

SP = MP x ( 100- 20) %

SP = 2800 x 80%  

SP = 2800 x 80/100

SP = 28 x 80

SP = 2240

◗ Selling Price of the Article is Rs. 2240

Gain % = Gain / CP x 100

Gain% = SP - CP /CP x 100

Gain% = 2240 - 2000 / 2000 x 100

Gain% = 240 / 20

Gain% = 12%

∴ Gain Percentage on Article is 12%.