Question

a grocer kept his prices 20% above market price and he further offered 5% discount on every bill.find his profit percentage.

Answer 1

MP = x

New MP = x + 20% of x = 120% of x

D = 5%

SP = 120x/100 * 95/100

SP = 6x/5 * 19/20 = 114x/100 = 57x/50

Old MP will be CP

Profit = 57x/50 - x

= (57-50)x / 50

= 7x/50

Profit % = Profit / cp * 100

= (7x/50) / x * 100

= 7x/50x * 100

= 7/50 * 100

= 14 %

Profit is 14%