A shopkeeper buys a shirt for ` 1700 and marks it 30% above the C.P. If he gives a discount of 10% on it, find:
(a) the M.P
(b) the S.P (c) his P%
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A shopkeeper buys a shirt for ₹ 1700 and marks it 30% above the C.P.
So, M.P. = ₹ 1700 + (30% of 1700)
= ₹ 1700 + 30/100 × 1700
= ₹ 1700 + 510
= ₹ 2210.
He gives 10 % on it.
So,
Discount = 10% of M.P.
= ₹ (10/100 × 2210)
= ₹ 221
SP = MP - Discount
= ₹ (2210 - 221)
= ₹ 1989
Therefore,
Total profit = ₹ ( 1989 - 1700)
= ₹ 289
Profit % = (289/1700 × 100) %
= 17 %
Hence,
(a) the M.P. is ₹ 2210.
(b) the S.P. is ₹ 1989.
(c) his profit % is 17 %.
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