Question

A seller bought an object at 40 % discount in printed price. He made price sticker for the object in which
he wrote the price 20 % greater than the printed price. He gave 40 % discount to a customer on this price.
How many % profits did he get on his investment?

Answer 1

Let the marked price of an object be ₹100

Cost of object for seller

= 100 x (100-40) /100

= ₹60

Then his selling price after 20% profit will be =

$100 \times \frac{100 + 20}{100}$

$100 \times \frac{120}{100}$
=₹120
The price for the customer whom the seller have given 40% discount
= 120 x (120-40)/100
= 120 x 80/100
= ₹96
Gain percentage on his investment
We know that he invested ₹60 on the object
Profit=S. P - C. P
= 96-60 = 36
= 36 /60 x 100
= 60%