profit and loss

by Rashmi Tomar 1234

One of the best way to solve the profit and loss or discount questions are by using percentages and fractions. 

For e.g : 

In question it is given that marked price is 10% above the cost price and there is a loss of 1%. Then calculate dicsount percentage. 

Firstly, Let the CP be 100

Now we can write MP/CP= 110/100 ( MP IS 10% above the Cp)

SP/CP=99/100  ( loss of 1% is there)

Discount= ( MP- SP)/MP



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