An article was purchased for Rs. 78,350. Its price was marked up by 30%. It was sold at a discount of 20% on the marked up price. What was the profit percent on the cost price?

An article was purchased for Rs. 78,350. Its price was marked up by 30%. It was sold at a discount of 20% on the marked up price. What was the profit percent on the cost price?

A). 1%

B). 2%

C). 3%

D). 4%

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Guest · Answer 1 · 2021-07-12 04:09:28

4%

Cost price = Rs. 78350

Marked price = 1.3*78350 = 101855( I told in the Start CP is Absolute 100% so If anything is Marked or Sold Above CP by ---% You just have to add that % to 100% and Convert it into it's relative decimal value)

Selling price = 101855*0.8= 81484[ Discount is calculated on MP so here MP is Absolute 100%, 20% discount that Means The product is being Sold at 80% of MP or 0.8MP)

Profit = S.P - CP = 81484 - 78350 = 3134

Profit% = (Profit/CP)*100 = (3134/78350)*100 = 4%

An article was purchased for Rs. 78,350. Its price was marked up by 30%. It was sold at a discount of 20% on the marked up price. What was the profit percent on the cost price?

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