Question

A bookseller buys a book of ₹500. He sells the same book by giving a discount of 5% on the marked price of ₹550. Find the profit or loss per cent of the bookseller.

Answer 1

Step-by-step explanation:

550×5%=27.5 is the discount

550-27.5=522.5

Profit percentage is 27.5÷550×100=5%

Answer 2

Step-by-step explanation:

550×5%=27.5 is the discount

550-27.5=522.5

Profit percentage is 27.5÷550×100=5%