Problem Statement
Selling price is 15% less than marked price. Cost price is 20% less than marked price. Find profit or loss percent.
Explanation
Let marked price be one hundred. Selling price is eighty five. Cost price is eighty. Profit is five on a base of eighty which is six point two five percent.
Code Solution
SolutionRead Only
Profit% = (85-80)/80 × 100 = 6.25
Practice Sets
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