Question

a shopkeeper buys goods at 4/5 of its marked price and sells them at 7/5 of the marked price find his profit percentage.​

Answer 1

Answer:

40% profit

Step-by-step explanation:

Let the actual marked price of the goods be x.

Shopkeeper buys goods at 4/5 of its marked price = 4x/5

And Sells them at 7/5 of the marked price = 7x/5

So, Profit = Selling Price - Buying Price

= 7x/5 - 4x/5 = 3x/5

So, Profit percentage = (profit/actual price) × 100

= {(3x/5)/(x)}×100

= (3/5)×100 = 60%