Shuarya marked an article at 40% above its cost price. He sells it after allowing a discount of 15%. The profit percentage of the article is:
Let's assume the cost price of the article is 100y.  Eq.(i)
Shuarya marked an article at 40% above its cost price.
MRP = 100y of (100+40)%
= 100y of 140%
= 140y
He sells it after allowing a discount of 15%.Â
The selling price of the article =Â 140y of (100-15)%
=Â 140y of 85%
= 119y   Eq.(ii)
The profit percentage of the article =Â $$\frac{\left(Eq.(ii)-Eq.(i)\right)}{Eq.(i)}\times100$$
=Â $$\frac{\left(119y-100y\right)}{100y}\times100$$
= $$\frac{19y}{100y}\times100$$
= 19%
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