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%
Answers
= 400 + 320
=₹720
2)discount %=15%
15% of 720=(15/100)×720
=36×3
₹108
sp= 720-108 = ₹612
total profit = sp-cp
= 612-400=₹212
profit%= (212/400)×100
=53%
The marked price is Rs.720, the discount is Rs.108, and the actual percentage profit is 53%.
Given:
Cost of article=Rs.400
Profit=80%
Discount=15%
To find:
The marked price, discount, actual profit percentage
Solution:
We can obtain the marked price by adding the profit to the cost.
We are given that the marked price=cost price+80% of the cost price
=400+80% of 400
=400+80/100×400
=400+320
=Rs.720
Now, the amount of discount=15% of the marked price
=15% of 720
=15/100×720
=3/2×72
=3×36
=Rs.108
The selling price of the article=Marked price-amount of discount
=720-108
=Rs.612
So, the profit earned=Selling price-cost
=612-400
=Rs.212
The profit percentage=Amount of profit/cost×100
=212/400×100
=212/4
=53%
Therefore, the marked price is Rs.720, the discount is Rs.108, and the actual percentage profit is 53%.
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