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Question
A shopkeeper buys three articles for ₹ 325, ₹ 450 and ₹ 510. He is able to sell them for ₹ 350, ₹ 425 and ₹ 525 respectively. Find the gain or loss to the shopkeeper on the whole
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Solution
C.P. of three articles = 325 + 450 + 510
= ₹ 1285
S.P. of three articles = 350 + 425 + 525
= ₹ 1300
Here S.P. > C.P.
Profit = S.P. – C.P.
= 1300 – 1285
= ₹ 15
The shopkeeper gained = ₹ 15
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A store is having a 25% discount sale. Sheela has a Rs 50 gift voucher and wants to use it to buy a board game marked for Rs 320. She is not sure how to calculate the concession she will get. The sales clerk has suggested two ways to calculate the amount payable.
- Method 1: Subtract Rs 50 from the price and take 25% off the resulting price.
- Method 2: Take 25% off the original price and then subtract Rs 50.
- Do you think both the methods will give the same result? If not, predict which method will be beneficial for her.
- For each method, calculate the amount Sheela would have to pay. Show your work.
- Which method do you think stores actually use? Why?
