Given:
Marked Price (MP) = 160% of Cost Price (CP)
Discount = 20%
Formula Used:
Profit Percentage = (Selling Price - Cost Price) / Cost Price × 100
Solution:
Let the CP = Rs.100
MP = 100 + (60/100 × 100)
= Rs160
Discount = 20/100 × Rs160
= Rs32
SP=MP−Discount
SP = Rs (160−32)
= Rs128
Profit = Rs (128−100)
= Rs28
Profit%
= (28/100×100)%
=28%
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100 Questions
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