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Question
The cost price of an article is Rs. 2,400 and it is marked at 25% above the cost price. Find the profit and the profit percent, if the article is sold at a 15% discount.
Solution
C.P. = ₹2,400
∴ Marked price `=(2400(100+25))/100`
= 24 × 125
= ₹3000
Discount = 15%
∴ S.P.`=(3000xx(100-15))/100`
= 30 × 85
= ₹2550
∴ Profit = ₹2550 − ₹2400 = ₹150
Profit%`=150/2400xx100=50/8=25/4`
`=6 1/4%`
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