Question

A merchant fixes the sale price of his goods at 15% above the cost price. He sells his goods at 12% less than the fixed price. His percentage of profit is :

Answer 1

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▪ A merchant fixes the sale price of his goods at 15% above the cost price . He sells his goods at 12% less than the fixed price. His percentage profit is ??




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${ \sf{ \blue{let \: the \: cost \: price \: be \: Rs. \: 100}}}$



Since, it's given in the question that the


merchant fixes its goods at 15% above the cost price..




Then,




➡marked price ( M.P.) = 100 + 100*15/100



= 100 + 15



= Rs. 115




▪ According to the question...



Discount % = 12%



Discount = M.P. * discount %




➡ discount = 115 * 12/ 100




= Rs. 13.8



_______________________


• Selling Price = marked price - discount




➡ S.P. = Rs. 115 - Rs. 13.8



➡ S.P. = Rs. 101.2



_______________________



• Profit = S.P. - C.P.




➡ Profit = Rs. 101.2 - Rs.100



➡ Profit = Rs. 1.2




____________________




▪ Profit % = (profit/C.P.)*100





➡ Profit % = ( 1.2/100)*100





➡ Profit % = 1.2%