2.50. The profit made by David in selling his calculator forRs. 400 would be the same as the loss he would havemade in selling it at a 25% loss. If he sold his calculatorafter offering a discount of Rs. 100, find the percentageat which he marked it above the cost price.1) 56.25% 2) 62.5%3) 60%4) 50%5) NOT
Answers
Given : . The profit made by David in selling his calculator for Rs. 400 would be the same as the loss he would have made in selling it at a 25% loss . he sold his calculator after offering a discount of Rs. 100,
To find : the percentage at which he marked it above the cost price.
1) 56.25% 2) 62.5%3) 60%4) 50%5) NONE
Solution:
Sold his calculator for Rs. 400 offering a discount of Rs. 100,
=> Marked Price = 400 + 100 = 500 Rs
Let say Cost Price = 100C
Loss on selling it at a 25% loss = (25/100)100C = 25C
Profit = 25C
Selling Price = 100C + 25C = 125C
125C = 400
=> C = 400/125
=> 100C = 100 * 400/125
=> 100C = 320
Hence Cost Price = 320 Rs
Marked Price = 500 Rs
the percentage at which he marked it above the cost price.
= 100 * ( 500 - 320 ) / 320
= 56.25 %
the percentage at which he marked it above the cost price. is 56.25 %
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Explanation: