the marked price of an article is RS 5000.the price is 25% above the cost price if the articles is sold allowing 15% discount .find the profit percentages
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Profit percentage is 6.25%
Step-by-step explanation:
Given:
M.P of article = Rs.5000
Let Cost Price be RS.X
∴ M.P = X+ 25% of C.P
5000 =X+(25/100)×X
5000= X+(X/4)
5000=(4X+X)/4
5000×4=5X
20000/5=X
X=4000
Discount =15%
Amount of discount= 15% of M.P
=(15/100) ×5000
= Rs.750
S.P= M.P - Discount
=5000-750 =Rs.4250
Profit = S.P-C.P
= 4250- 4000 =Rs.250
% profit= (profit/C.P)×100
=(250/4000)×100
= 25/4=6.25%
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