The marked price of an article is 45% more than its cost price. If a discount of 20% is given, then what is the profit percentage?16121413None

Question

The marked price of an article is 45% more than its cost price. If a discount of 20% is given, then what is the profit percentage?16121413None
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Solution 1

Let's solve this step by step:

Step 1: Let's assume the cost price of the article is $100.

Step 2: Given that the marked price is 45% more than the cost price, the marked price would be $145 (because 45% of $100 is $45, and adding that to the original price gives us $145).

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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