Question

a company purchased a product for $20 and displayed the market price as $30 and then gave 2 successive discounts of 10% .what is their profit is the product​

Answer 1

Answer:

Statement of the given problem,

A product which cost $20 was being sold for $30. The merchant decided to reduce the price by 10%. After a while, he decided to reduce the price by another 10%. When he sold the product, how much profit did he make?

Basic assumptions

Let S denotes the reduced sell-price of the product.

Let P denotes the new profit percentage.

Hence from above data we get as follows,

S = (1 - 10/100)*(1 - 10/100)*30

or S = 0.90*0.90*30 = 24.30 ($)

P = 100*(S - C)/C

or P = 100*(24.30 - 20)/20 = 100*4.30/20 = 21.50% [Ans]

Answer 2

Given:

A company purchased a product for $20

Displayed the market price as $30

The company gave 2 successive discounts of 10%

To find :

The profit of the product​.

Solution:

The selling price of the product before discount is $30

Reduction in 10% of discount is, 30 × $\frac{10}{100}$ = $3

Selling price after first discount is, 30 - 3 = $27

Then, the second reduction amount in 10% of discount is, 27  × $\frac{10}{100}$ = $2.7

Selling price after second discount is, 27 - 2.7 = $24.3

Profit = Selling price - Cost price

The Selling price of the product is $24.3

The cost price of the product is $20

Profit = 24.3 - 20

Profit = $4.3

Final answer:

The profit of the product​ is $4.3