Advertisements
Advertisements
Question
Ashwin buys an article for Rs. 500. He marks it for sale at 75% more than the cost price. He offers a 25% discount on the marked price to his customer. Calculate the actual percentage of profit made by Ashwin.
Advertisements
Solution
C.P. = ₹ 500
Marked price = C.P. + `75/100` × C.P.
= `500 + 75/100 xx 500`
= 500 + 75 × 5
= 500 + 375
= 875
25 % discount was given on marked price
∴ Discount = `25/100 xx 875`
= `875/4`
Selling price = marked price – discount
= `875 - 875/4`
= `875(1 - 1/4)`
= `(875 xx 3)/4`
Profit = S.P. – C.P.
= `(875 xx 3)/4 - 500`
= `(2625 - 2000)/4`
= `625/4`
Profit percentage = `"Profit"/"Cost price" xx 100`
= `(625)/(4/500) xx 100`
= `625/(4 xx 5)`
= `125/4`
= 31.25
∴ Ashwin makes 31.25% profit.
APPEARS IN
RELATED QUESTIONS
Mr. Sarad purchased a laptop for Rs. 24000 and sold it for Rs. 30000. What was the profit percentage?
Shraddha purchases a mobile phone and refrigerator for Rs. 18000 and 15,000 respectively. She sold the refrigerator at a loss of 20% and the mobile at a profit of 20%. What is her overall profit or loss?
A vendor bought toffees at 6 for Rs.10. How many for Rs.10 must he sell to gain 20%?
A cloth merchant advertises selling cloth at a 4% loss. By using a faulty meter scale, he is earning a profit of 20%. What is the actual length of the scale?
Sunil sells his bike worth Rs. 25000 to Rohit at a profit of 20%. After 6 months Rohit sells the bike back to Sunil at a loss of 20%. Find the total profit percent of Sunil considering both the transactions.
By selling a book at Rs. 405 bookseller incurs a loss of 25%. Find the cost price of the book.
Find the single discount equivalent to the discount series of 5%, 7%, and 9%.
A man sells an article at a profit of 25%. If he had bought it at 10% less and sold it for Rs 7 less, he would have gained 35%. Find the cost price of the article.
A man sells an article at a profit of 25%. If he had bought it at 10% less and sold it for Rs 7 less, he would have gained 35%. Find the cost price of the article.
A cloth costs Rs. 675. If it is sold at a loss of 20%, what is its cost price as a percentage of its selling price?
Ankita's Salary was reduced by 50%. Again the reduced salary was increased by 50%. Find loss in terms of percentage.
A salesman sold an article at a loss of 10%. If the selling price has been increased by Rs. 80, there would have been a gain of 10%. What was the cost of the article?
A, B, and C enter into a partnership. A invests 3 times as much as B invests and B invests two-thirds of what ‘C’ invests. At the end of the year, the profit earned is Rs. 8800. What is the share of ‘B’?
The ratio of investment of two partners Santa and Banta is 11 : 12 and the ratio of their profits is 2 : 3. If Santa invested the money for 8 months, then for how much time Banta his money?
