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.

Answer 1

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 = ₹2250 − ₹2400 = ₹150

Profit%`=150/2400xx100=50/8=25/4`

`=6 1/4%`