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 15% discount.

Answer 1

C.P. = Rs. 2,400
$\therefore$ Marked price = $\frac{2400(100+25)}{100}=24\times 125$
= Rs. 3000
Discount = 15%
$\therefore$ S.P. = $\frac{3000\times (100-15)}{100}=30\times 85=2550$
$\therefore$ Profit = Rs. 2550- Rs. 2400 = Rs. 150
Profit = $\frac{150}{2400}\times 100=\frac{50}{8}=\frac{25}{4}=6\frac{1}{4}$%