How much profit did Mahesh earn on the cost price of an article by selling it? A. He got `15%` discount on the marked price at the time of purchase. B. He sold it for Rs.3060. C. He earned `2%` profit on the marked price.A. Only A and B both together are necessary.B. Only B and C both together are necessary.C. Only A or C both together are necessary.D. All three A, B and C together are necessary

How much profit did Mahesh earn on the cost price of an article by sel

1.	How much profit did Mahesh earn on the cost price of an article by selling it? A. He got `15%` discount on the marked price at the time of purchase. B. He sold it for Rs.3060. C. He earned `2%` profit on the marked price.A. Only A and B both together are necessary.B. Only B and C both together are necessary.C. Only A or C both together are necessary.D. All three A, B and C together are necessary
Answer» Let the marked price be Rs. X A. cost price `=(1-0.15)x=Rs. 0.85x` B. S.P. =Rs. 3060 C. Profit `=2%of x=0.02x` Profit `%` on marked Price `P%((SP-MP))/(MP)` `2=(3060-x)/(100)` `1.02x=3060` `MP,x=3000` `CP=.85x=2550` Profit `%` on CP `P%(SP-CP)/(100)xx100=20%`

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