Question

Mister Limbu bought a bicycle for Rs2500 and he labelled it's price 20 Percent above the cost price if he allows 10percent disc

Answer 1

Answer:  8%

Step-by-step explanation:

Purchase Price is $2500

Ticket Price is $2500(1 + 20%)

                     = $2500(1.2)

                     = $3000

Discounted Price is $3000(1 - 10%)

                             = $3000(0.9)

                             = $2700

The profit made is $2700 - $2500 = $200

Profit Percentage is Profit ÷ Purchase Price: $\dfrac{200}{2500}=0.8=\large\boxed{8\%}$