Question

A shopkeeper buys an article for Rs 400 and marks it for sale at a price that may give him 80% profit on his cost. He, however gives 15% discount on the marked price to his customer. Calculate 1.the marked price of the article, 2.the discount in rupees given to the customer, 3.the actual percentage profit made by the shopkeeper. Answers : 1. Rs720, 2. Rs108, 3. 53%

Answer 1

1.720rupees
2.108rupees
3.53percent

Answer 2

Hey Mate,

Real Price of article = Rs. 400

Market Price = 80% more than actual Price.

Selling Price = 15% discount on Market Price.

Answer 1 :

Market Price of Article = 400 + (400 × 80/ 100 )

= > 400 + 320

= > Rs 720.

Market Price of the article is Rs. 720.

Answer 2 :

15% Discount on Market Price = 720 × 15 / 100

= > 10800/ 100

= > Rs. 108

Discount on market is Rs. 108 .

Answer 3 :

Shopkeeper buy an article for Rs. 400

and Sale it at ( 720 - 108 ) = Rs. 612.

Difference = Rs. ( 612 - 400 ) = 212.

P% = ( 212/ 400 ) × 100

P% = 53 %

The actual profit % earn by shopkeeper is 53% .