A chair is bought by at trader for rupees 7200 at. 20% discount on its mp.if he sells it at 16% discount on its mp find the profit percent made in whole transaction

Answers (1)

Assume the marked price = x rupees

After 20% discount 

7200 = (1-0.20)x

x = 7200/0.8

x= 9000 rupees

Profit percentage = (9000x0.84 -7200)x100/7200

          = 5 % 

 

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