To find the percentage profit made by Kinyua, we need to calculate his profit first.
The discount offered to the customer is 15%, so the selling price of the article is:
Selling price = Marked price - Discount
Selling price = 1200 - (15/100) * 1200
Selling price = 1200 - 180
Selling price = 1020
Kinyua bought the article at 900, and sold it for 1020, so his profit is:
Profit = Selling price - Cost price
Profit = 1020 - 900
Profit = 120
To find the percentage profit, we divide the profit by the cost price and multiply by 100:
Percentage profit = (Profit / Cost price) * 100
Percentage profit = (120 / 900) * 100
Percentage profit = 0.1333 * 100
Percentage profit ≈ 13.33%
Thus, Kinyua made a profit of approximately 13.33%.
Kinyua marked an article at1200 and sold it to a customer at a discount of 15% find the percentage profit he made if he had bought the article at 900
1 answer