Question

A person calculates 1
33 %
3
profit at S.P. find his
profit at C.P

Answer 1

Answer:

Let's see what we have here. A shopkeeper sold

Item X for a his selling price (SP).

Let SP = x

Since the question says that Profit is 25% of the

selling price, we have:

Profit = 25% SP = 0.25x

Now, we already know that:

Profit = SP - Cost

This part is the catch. To find out how much Item

X originally cost,

Cost = SP - Profit = x 0.25x = 0.75x

Now that we know the original cost of Item X, we

can easily calculate the Real profit % using this

formula:

= (Profit/Cost)*100

= (0.25x/0.75x)*100

= 33%

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