Given:
The marked price of the article = ₹2,400
Discount allowed = 40%
Profit made = 20%
Formula Used:
Selling price = Marked price(MP) - Discount allowed
Profit = Selling price(SP) - Cost price(CP)
Solution:
According to question
Let MP be 100x
Discount= 40%
Selling Price = 100x - 40of 100x = 60x
From this SP = 60x, Still makes profit = 20%
So, CP = 60x = 50x
So, 100x = 2400
CP =50x = 2400 ÷ 100 × 50 = 1200
Alternate Solution:
English
80 Questions
160 Marks
60 Mins English English20 Questions40 Marks12 Mins English English80 Questions160 Marks60 Mins EnglishBy selling an article for ₹21, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹) so as to make a profit of 50%?
A person bought a plot for ₹1,20,000. He sold part of this plot at a loss of 10%. At what profit percent should he sell the remaining plot to earn a profit of 27% on the whole transaction?
Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?
The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
Vinay bought 100 pens (all at same cost price). He sold 40 pens at a profit of 20 percent, 20 pens at a profit of 40 percent and the remaining at the cost price. If he had sold all at a profit of 20 percent, then he would have got Rs. 160 more. What is the cost price of each pen?
A ration shop dealer sells his sugar using weights has 10% less than the true weight and makes a profit of 15%. Find his total gain percentage.
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
Suggested Test Series
Suggested Test Series
