Question 65

An article costs Rs. 80 to the vendor. If he marks the article for 50% more than the cost price and sells it 25% less than the marked price, what is his gain percentage ?

Solution

Cost Price of the article = 80 Rs.

Marked Price = 80 x 1.5 = 120

Selling Price = 120 x .75 = 90

Profit = 10 Rs

Profit % = 10/80 = 12.5%

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