Question

a seller increase the price of an article costing 480 by 15% and than give 14%discount on the new mark price find profit or loss %

Answer 1

Original Price = Rs 480

Find the price after increase of 15%:

15% increase = 15% x 480 = 0.15 x 480 = Rs 72

Price after increased = 480 + 72 = Rs 552

Find the price after the 14% discount:

14% discount = 14% x 552 = 0.14 x 552 = Rs 77.28

Price after discount = 552 - 77.28 = Rs 474.72

Find profit/loss:

Since 474.72 < 480 ⇒ it is a loss

loss = 480 - 474.72 = Rs 5.28

Find loss percentage:

Loss percentage = loss/cost price x 100

Loss percentage = 5.28/480 x 100 = 1.1%

Answer: The new price is Rs 474.72 and the loss percentage is 1.1%.