A shopkeeper buy 8 books 800 and 14 pencil for 300 each and mark ups their prices by 50% and 60% respectively. If he offers same discount percentage both books and pencil and earns a total profit for 2270Rs . Find the discount percentage ? ( Best Approach for competitive exams)
Answers
Given : A shopkeeper buy 8 books 800 and
14 pencil for 300 each and mark ups their prices by 50% and 60% respectively.
he offers same discount percentage both books and pencil and earns a total profit for 2270Rs .
To Find : the discount percentage
Solution:
Total Cost price = 8 * 800 + 14 * 300
= 6400 + 4200
= 10600
earns a total profit for 2270Rs .
Hence SP = 10600 + 2270 = 12870 Rs
MP of Books = 6400 + (50/100) 6400 = 9600
MP of Pencils = 4200 + (60/100) 4200 = 6720
Total MP = 16320
Discount = 16320 - 12870 = 3,450
Discount % = (3450 / 16320 ) * 100 = 21.14 %
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