the marked prce of an article is rs2800 which is 40% above the cost price if it sold by allowing 20% discount.find of profit and

Question

3 years ago

7

loss

1 answer:

9966 [12] · Answer 1 · 2022-07-11T00:03:40+03:00

Answer: Profit = Rs 240

Explanation:

The cost price will be:

= 2800 ÷ (100% + 40%)

= 2800 ÷ 140%

= 2800 ÷ 140/100

= 2800 × 100/140

= 2000

Cost price = Rs 2000

Since the article is sold by allowing 20% discount, the sales price will be:

= Rs 2800 - (20% × 2800)

= 2800 - (0.2 × 2800)

= 2800 - 560

= 2240

Selling price = Rs 2240

Therefore, profit = Rs 2240 - Rs 2000 = Rs 240