Question 61
While selling an article of marked price ₹5,040 at a discount of 40%, if a trader gains 20%, then the profit in ₹ is:
Solution
Marked price = 5040
Discount = 40%
Selling price = 5040$$ \times \frac{60}{100}$$ = 3024
Gain = 20%
So, 120% = 3024
Profit(20%) = $$\frac{3024}{120} \times 20 $$= Rs.504
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