Question

A shopkeeper expects a profit of 25% on his cost price. In a week, his sale was of Rs. 5000 what was his profit?

Answer 1

Let the cost price be Rs.100

So, the profit will be Rs.`(25/100 xx 100)`

= Rs.25

⇒ S.P. = C.P. + Profit
= Rs.(100 + 25)
= Rs.125

When the profit is Rs.(100 + 25)
= Rs.125

When the profit is Rs.25, the sale is Rs.125

So, let x be the profit when the sale is Rs.5000

⇒ x = `(25 xx 5000)/(125)`

= Rs.1000
Hence, the profit is Rs.1000.