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An article was purchased for Rs. 8,760. Its price was marked up by 25%. It was sold at a discount of 10% on the marked up price. What was the profit percent on the cost price?1). 12.52). 7.53). 54). 15 |
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Answer» Cost price of the ARTICLE = Rs. 8760 It is marked up by 25% ∴ marked price of the article, ⇒ 8760 + [8760 × (25/100)] = Rs. 10950 Discount given = 10% ∴ DISCOUNTED price = 10950 - 10950 × (10/100) = 9855 ∴ Profit = 9855 - 8760 = Rs. 1095 ∴ Profit percent = (1095/8760) × 100% = 12.5% |
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