A shopkeeper labels the price of articles 20% on above the cost price. If he allows Rs 31.20 off on a bill of Rs 312, find his profit % on the article?
Solution(By Examveda Team)
Let the CP = 100 Marked price = 120Discount = 312/31.2 × 1/100 = 10% = 12
SP = 120 – 12 = 108 Profit% = 108 – 100 = 8%
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How you got 10%=12 not clear please can you briefly explain