A saree trader brings some sarees at 25 % rebate on ₹ 1600 printed price. He sells each saree at ₹ 1440 per piece. What amount of profit or loss does he make? How much percentage of rebate does a customer earn?
Answers
Acc to the question,
discount % availed by the trader = 25%
Printed price of the saree = Rs 1600
Actual Cost Price of the saree = Rs 1600 - 1600 x 25/100 = Rs 1600 - 400
= Rs 1200
Now Selling price of the saree = Rs 1440.
Profit = Selling price - Cost Price = Rs 1440 - Rs 1200 = Rs 240.
We know, Profit Percent = (Profit / Cost Price) x 100% = (240 / 1200) x 100 = 20% (Ans)
Since the trader earns a profit so, there is no rebate earned by the customer buying it.
i )Given printed price of sarees(x)
= Rs 1600
Rebate ( d ) = 25%
Cost price = x[( 100 - d )/100]
= 1600 [ (100-25)/100 ]
= 16 × 75
= Rs 1200
ii ) Trader's Cost price of the
saree ( c.p ) = Rs 1200
Selling price ( s.p) = Rs 1440
S.p > c.p
Therefore , he gets profit.
Profit (g) = s.p - c.p
=> g = 1440 - 1200
=> g = Rs 240
Profit percentage = ( g × 100 )/c.p
= ( 240 × 100 )/1200
= 20%
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