A boutique owner gains 25% by selling ties at₹155 a piece.How much profit will she make by selling 200 of them?
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Step-by-step explanation:
Given that:-
Selling price of a tie =Rs. 155
gain on it=25%
Cost price of the tie=(CP)=(100×S)/(100+g)
=>CP=(100×155)/(100+25)
=>CP=155×100)/125
=>CP=(31×4×125)/125
=>CP=31×4 (cancelling 125)
=>CP= Rs.124
Cost price of the tie=Rs.124
Profit = Selling Price-Cost Price
=>Profit =155-124=31
Profit on 1 tie= Rs. 31
Profit on 200 ties =200×31=6200
The owner gets Rs. 6200 profit by selling 200 ties
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