Question

a briefcase selling for rs 1500 was marked down by 20% for a special promotion. it was later marked down further by 10% of the promotion sales price. compute the profit/loss in percentage if the cost is Rs 1000

Answer 1

Profit = 8%

If the briefcase was marked down 20% from 1500 you multiply 1500 x .2 = 300 in order to calculate the discount.

Calculate the discounted price:

1500 - 300 = 1200

Calculate 10% discount of 1200:

1200 x .1 = 120

Calculate the sales price:

1200 - 120 = 1080

The last step is to calculate the profit/loss is the cost is 1000.

The briefcase sold for 1080 and the company paid 1000 for it, so there was a profit of 80.

The percentage is calculate by dividing 80/1000 = 8% profit