The market price of an article is $20 %$ above the cost price. A discount of $10 %$ is allowed to a customer.Find the profit percent.

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Solution

Let the C.P $=$ Rs. $100$
then M.P $= 100 + 20 =$ Rs. $120$
Discount $= 10 % = \frac{10}{100} \times 120 =$ Rs. $12$
S.P $=$ M.P $-$ discount $= 120 - 12 =$ Rs. $108$
Profit $=$ Rs. $8$ , profit $% = \frac{8}{100} \times 100 = 8 %$ .

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The market price of an article is 20% above the cost price. A discount of 10% is allowed to a customer.Find the profit percent.

Let the C.P=Rs. 100then M.P=100+20=Rs. 120Discount=10%=10100×120=Rs. 12S.P=M.P− discount =120−12=Rs. 108Profit=Rs. 8, profit%=8100×100=8%.

The market price of an article is $20 %$ above the cost price. A discount of $10 %$ is allowed to a customer.Find the profit percent.

Let the C.P $=$ Rs. $100$
then M.P $= 100 + 20 =$ Rs. $120$
Discount $= 10 % = \frac{10}{100} \times 120 =$ Rs. $12$
S.P $=$ M.P $-$ discount $= 120 - 12 =$ Rs. $108$
Profit $=$ Rs. $8$ , profit $% = \frac{8}{100} \times 100 = 8 %$ .