A shopkeeper marks an article 20% above the cost price and allows a discount of 15 %. Find his profit %?
Let CP = 100 Rs.
MP = 120 Rs.
D = 15%
D = (15/100) × 120
D = 18
SP=MP-D
= 102 Rs.
Profit = 2 Rs.
%Profit = (2/100) x 100
= 2%
A shopkeeper marks an article 20% above the cost price and allows a discount of 15 %. Find his profit %?
Let CP = 100 Rs.
MP = 120 Rs.
D = 15%
D = (15/100) × 120
D = 18
SP=MP-D
= 102 Rs.
Profit = 2 Rs.
%Profit = (2/100) x 100
= 2%