6. By selling a cellphone for 2,400 a shopkeeper makes a profit of 25%. What would be his profit percentage,
if he sells it for 2,040?
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Answer:
Selling price of the cellphone : ₹2400
Profit he made by selling cellphone : 25%
CP = SP × [100 / 100 + profit%]
CP = 2400 × [100 / 100 + 25%]
CP = 2400 × 100 / 125
CP = ₹1920
The cost of the cellphone is ₹1920.
If the cellphone is sold at a price of ₹2040.
Profit = SP - CP
Profit = 2040 - 1920
Profit = ₹120
Profit % = Profit / CP × 100
Profit % = 120 / 1920 × 100
Profit % = 6.25%
Hope it helps
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