Question

the Marked price of an article is rupees 1200 which is 20% of the possibilities sold at the discount of 10% on the Marked price the profit percentage​

Answer 1

The market price of the table = Rs 1200

Extra percentage over cost = 20%

So, cost price

= Rs {(1200 × 100)/(100+20)}

= Rs 1000.

Discount on the market price = 10%

So, selling price

= [{(1200 × (100-10)}/100]

= Rs 1080.

Hence, it was a profit of

Rs (1080 - 1000)

= Rs 80.

So, the percentage of profit

= (80 × 100)/1000 %

= 8%

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