The marked price of an article is Rs 2,800 which is 40 % above the cost price. If it
1 answer:
Answer:
mp=2800
mp=cp+40%ofcp=cp+40/100×cp=1.4cp
2800=1.4çp
cp=2800/1.4=2000
discount=20%
profit%=?
Step-by-step explanation:
sp=mp-discount%of mp=2800-20/100×2800=2240
profit=sp-cp=2240-2000=240
profit%=profit/cp×100%=240/2000×100%=12%
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