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Question
An article is marked 60% above the cost price and sold at 20% discount. Find the profit percent made.
Solution
Let cost price of an article = Rs. 100
∴ Marked price = Rs. 100 + 60 = Rs. 160
Rate of discount = 20%
∴ S.P. = `("M.P." xx (100 - "Discount %"))/100`
`= (160 xx (100 - 20))/100`
`= (160 xx 80)/100` = Rs. 128
Profit = S.P. - C.P.
= Rs. 128 - 100 = Rs. 28
∴ Profit % =`("Profit" xx 100)/"C.P."`
`= (28 xx 100)/100 = 28%`
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