The cost price of an item is 60% less than its marked price, which is 50% more than its selling price. What is the profit percentage earned on selling the item? Round off your answer to two decimal places.
ATQ,
Let the selling price of the item be Rs. 6z. So, the marked price of the item = 1.5 × 6z = Rs. 9z. And, the cost price of the item = 0.4 × 9z = Rs. 3.6z. Profit earned = 6z - 3.6z = Rs. 2.4z. Therefore, the required profit percentage = (2.4z / 3.6z) × 100 = 66.67%.
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