a man sells an almirah for 3150 making a profit of 5% what would have been his gain percentage if he had sold the admirable 3500
Answers
Find the cost price:
Profit = 5%
Selling Price = 100 + 5 = 105%
Selling Price = Rs 3150
105% - 3150
1% = 3150 ÷ 105 = Rs 30
100% = 30 x 100 = Rs 3000
Find the profit:
New selling price = Rs 3500
Profit = Selling Price - Cost Price
Profit = 3500 - 3000 = Rs 500
Find the profit percentage:
Profit percentage = Profit / Cost Price x 100
Profit percentage = 500 / 3000 x 100 = 16.67%
Answer: The profit is 16.67%
Answer:
16.67% is the answer .So see step by step
Step-by-step explanation:
Perctange increase={Amount of Increase÷original amount ×100}%
Increase=82500-60000=22500
Original=60000
Percentage Increase=22500/60000× 100
0.375×100=37.5%
To Find CP=
Profit =5%
Selling Price=100+5=105%
SP=Rs 3150
=105%-3150
1%=3150÷105=Rs 30
100%=30×100=Rs 3000
To find the profit
New selling price = Rs 3500
Profit= SP-CP
Profit =3500-3000= Rs 500
To find Profit %
Profit%=profit/CP ×100
Profit %=500÷3000×100
= 16.67% ANS......
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