Question

A shopkeeper bought an article online whose marked price is Rs. 450. The shopkeeper gets a discount of 8% and additional cash back of Rs. 24. If the shopkeeper sold the article for Rs. 430, then find the profit percentage gained by the shopkeeper

Answer 1

MP=450
Discount=8%
discount= 450÷100×8
=$30
cash back= $24
total discount= $30+$24
=$ 60
total amount= $450- $60
=$390
he sold at= $430
total profit=$430- $390
=$40
profit%= 40÷430×100
=9.30%(approx)