Let the cost price be ‘p’ then
2 (1.15 P) + 23000 = 2 (1.2 P)
0.1 P = 23000
P = Rs.230000
The cost price of a car is Rs 5,00,000. The salesperson marks it 10% above the cost price. Then, the car is sold at a discount of 5%. Find the profit and profit percentage.