Amit purchased stationery marked for ₹8,000 at 12% discount and spent ₹160 on transportation. He sold the stationery at the marked price. Find his profit percentage.
Answer & explanation
Correct answer: option 4
The marked price of the stationary = 8000
Discount = 12%
Then the selling price of the stationary = 88% of 8000 = 7040
Spent on transportation = 160
Total cost price = 7040 + 160 = 7200
Original SP = 8000
Profit% = ( 8000 - 7200) × \(\frac{100}{7200}\) = $11\frac{1}{9}$