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Question 65
A person bought an article on 40% discount and sold it at 50% more than the marked price. What profit did he get?
Solution
Let the marked price be Rs. 100.
Then cost price = 100 - 40 = Rs. 60
Selling price = 100+ 50 = Rs. 150
Profit = 150 - 60 = 90
Profit%=90/60×100=150%
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