The cost price is Rs22600, the marked price is Rs31640 and the Profit percentage is 19%.
What is the percentage?
The percentage is defined as a given amount in every hundred. It is a fraction with 100 as the denominator percentage is represented by the one symbol %.
For example, if you say 678, we must also know the whole number, but if you say 80%, it becomes evident. The percentage is the same as the amount of that value but ranges from 1 to 100.
Let's say
Cost of article = c
Given,
Marked 40% above the cost price and sold with 15% discount including 10% VAT at Rs. 26,894
1.4c - 0.15×(1.4c) = 26894
c = Rs 22600
So,
Marked price = 1.40c = Rs 31640
Profit percentage = ( 26894 - 22600)22600 = 19%.
Hence cost price is Rs22600, the marked price is Rs31640 and the Profit percentage is 19%.
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