A gas burner is bought for Rs.3750 and his marked at 40%above its cp.if the gas burner is sold at 10%discount find it's marked price, its selling price and the profit%made
Answers
Answer:
answer is 1.2%.......
Given:
The cost price of the gas burner= Rs.3,750
Mark-up=40%
Rate of discount=10%
To find:
The marked price, Selling price, and the profit percent
Solution:
We can find the solution by following the given process-
We know that the mark-up is calculated on the cost price and the discount is calculated on the marked price.
The marked price=40% above the cost price
Marked price= 3,750+4×3,750/10
=3,750+1,500
= Rs. 5,250
Now the gas burner is sold at a discount of 10%.
Amount of discount= 5250+10/100
=Rs.525
The selling price= Marked price- Discount
=5,250-525
= Rs. 4,725
To calculate the profit percent, the amount of profit is the difference between selling and cost price.
Profit= 4,725-3,750
=Rs. 975
Profit %= Profit×100/ cost price
=975×100/3,750
= 26%
Therefore, the marked price is Rs. 5,250, the selling price is 4,725, and the profit percent is 26%.