If on an item a company gives 35% discount, they earn 20% profit. If they now give 20% discount then....................

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If on an item a company gives 35% discount, they earn 20% profit.
If they now give 20% discount then what is the profit percentage?

posted Feb 27, 2019

0.65*(Selling Price) {35% discount on Selling Price} = 1.2*(Cost Price) {20% profit on the cost of the product}
0.8*(Selling Price) = [0.8*1.2/0.65]*(Cost Price) = 1.4769*(Cost Price) = 47.69% Profit.

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