Mohan bought an article at 25% less of the marked price and sold it at 15% more than the marked price. Find the profit earned by him.
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53.30% 55% 57.30% 52.30% |
53.30% |
Let, the market price of article be 100. So, according to the question: Cost price = 75 (25% less of marked price) and SP = 115 (15 % more of marked price) Profit = Selling price - Cost price i.e. 115 - 75 = 40 Profit% = \(\frac{ 40}{75 }\) x 100 = 53.33% |