Practicing Success
$\frac{2}{5}$ of the marked price of an item is equal to $\frac{4}{7}$ of its cost price. If a discount of 15% is given on its sale, then what is the approximate profit percentage earned ? |
19.84% 23.63% 21.43% 14.28% |
21.43% |
$\frac{2}{5}$ of the marked price of an item is equal to $\frac{4}{7}$ of its cost price. \(\frac{CP}{MP}\) = \(\frac{7}{10}\) MP = 10 Discount = 15% SP = 85% of 10 = 8.5 Profit = 8.5 - 7 = 1.5 Profit % = 1.5 × \(\frac{100}{7}\) = 21.43% |