Practicing Success
A shopkeeper marks up his articles at 40% above cost price. He sells 70% articles at marked price and rest at 40% discount. Find his profit percent. |
22.22% 23.2% 25% 28% |
23.2% |
Let cost price = 100 MRP = 100 × \(\frac{140}{100}\) = 140 ↓ --------------------- 70% Rest 30% ↓ ↓ 98 42 at 40 % discount ↓ -40% 25.2 SP = 98 + 25.2 = 123.2 Profit % = \(\frac{123.2 - 100}{100}\) × 100 = 23.2% |