Question

A shopkeeper decides to sell a certain item at a certain price. He tags the price on the item by increasing the decided price by 25%. While selling the item, he offers 20% discount. Find how many more or less percent he gets on the decided price.

Answer 1

what is decided price

Answer 2

Answer:

Given:

price increase = 25%,

discount offered = 20%

Let the decided price be Rs 100

So, Increase in price = Rs 25

Shopkeeper marks the price = 100 + 25

= Rs 125

∴ marked price = Rs 125

Let the percentage of discount be x

x = 20%

Discount = (marked price × x) / 100

= (125 × 20) / 100

= 2500/100

= Rs 25

So, Selling price = Marked price – Discount

= Rs 125 – Rs 25

= Rs 100

If the decided price is Rs 100, then shopkeeper gets Rs 100.

∴ The shopkeeper gets neither profit nor loss than the decided price i.e. he gets 0% profit / loss.