A bought an article at 12.5% less of the marked price and sold it at 5% more than the marked price. Find the profit earned by him.
Let the marked price be Rs. 100 ∴ C.P. = 100 - 12.5 = 87.5 And, S.P. = 100 + 5 = 105 Profit= 105 - 87.5 = 17.5 Profit % = 17.5/87.5 × 100 = 20%
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