Question

A shopkeeper buys an article for rs 300. He increases its price by 20 percent and then gives 10 percent discount on the new price what is the new price of the article, the discount givem by the shopkeeper, the selling price, the profit percent madr by the shopkeeper

Answer 1

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Answer 2

The total profit earned by the shopkeeper is 8%

Cost Price of Article is given as Rs 300

Shopkeeper increases the price by 20%

New price is : (100+20)/100 * 300 =  Rs 360

discount offered by shopkeeper is 10%

The discounted price would be (100-10)/100 * 360 =  Rs 324

Total Discount given = 10/100* 360 = Rs 36

New selling price = Rs 324

Cost price = Rs 300

Profit percentage = (324-300)/ 300 * 100 =  8%