Question

A mobile phone was mark price 35% above the cost price and a discount of 20% was given on mark price find the profit or loss percent made by shopkeeper

Answer 1

Let the CP of the goods be x.

Marked price of the goods = x + (35/100 of x) = Rs 1.35 x

Discount = 20%

Selling price = MP - Discount

Discount = 20% of 1.35x = 1.35x × 0.2 =  Rs 0.27x

SP = 1.35x - 0.27x

SP = Rs 1.08x

As SP is more than CP, there is a profit.

So,Profit = SP - CP

= 1.08x - x

= 0.08x

Profit percentage = (Profit / CP) x 100

= (0.08x / x) x 100

= 8 %

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