Practicing Success
A trader buys an article at 80% of its marked price and sells it at 10% discount on its marked price. His percentage profit is: |
$12\frac{1}{2}$ 10 15 $10\frac{1}{2}$ |
$12\frac{1}{2}$ |
Let the marked price = 100 then, the cost price = 80% of the marked price = 80 Discount offered on marked price = 10% Then the selling price = 90% of the marked price = 90% × 100 = 90 Profit = 90 - 80 = 10 Profit % = \(\frac{10 × 100}{80}\) = $12\frac{1}{2}$ |