Question
Download Solution PDFAn article was bought for ₹8,100. Its price was marked up by 40%. Thereafter it was sold at a discount of 15% on the marked price. What was the percentage profit on the transaction?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) = ₹8,100
Marked-up by 40% → Marked Price (MP) = CP + 40% of CP
Discount = 15% on Marked Price
Formula used:
Marked Price = \(CP \times \left(1 + \frac{40}{100}\right)\)
Selling Price (SP) = \(MP \times \left(1 - \frac{15}{100}\right)\)
Profit % = \(\frac{SP - CP}{CP} \times 100\)
Calculation:
MP = 8100 × 1.40 = ₹11,340
SP = 11,340 × 0.85 = ₹9,639
Profit = 9,639 − 8,100 = ₹1,539
Profit % = (1,539 ÷ 8,100) × 100 = 19%
∴ The percentage profit on the transaction is 19%.
Last updated on Jul 17, 2025
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