a boy bought a shirt at a sale for rs. 120 he saved 30 rupee on normal price. what percentage of discount he got on the shirt?
Answers
Answer:
Original question: A person buys a shirt with a marked price of Rs. 300 at a 20% discount. In order to make a profit of 20%, how much should the person sell the shirt for?
Answer:
Now, given that marked price of the shirt is ₹ 300, the person bought it at 20% discount. This means he paid 300 - (20% of 300) to buy the shirt.
=> 300 - (0.2*300)
=> 300 - 60 = ₹ 240 -> cost price of shirt.
In order to sell the shirt at 20% profit, he needs to add 20% of cost price to itself.
Remember that profit or loss is always calculated on cost price, and not on the marked price.
=> 240 + (20% of 240)
=> 240 + (0.2*240)
=> 240 + 48
=> ₹ 288
Therefore, the person needs to sell the shirt at ₹ 288 in order to make a 20% profit on it.
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