Question

A shopkeeper has marked his articles 40% above the cost price. Then he announced a festival discount of 20% on these articles. Find the selling price and the profit if the original cost price was ₹800.


plz tell​

Answer 1

Answer:

Given :

Marked Price = 40% above cost price.

Discount offered = 25%

Assumption :

Suppose the cost price of 1 kg of the product = Rs. 1000

Calculation :

∴ Selling price for 1 kg of the product (if he does not cheat) = 1000 × 1.4 × 0.75 = Rs. 1050

But he also cheats by using 800 gm weight instead of 1 kg;

∴ Selling price for 800 gm of the product = Rs. 1050 and

Cost price of 800 gm of the product = Rs. 800

∴ Profit percentage = (1050 – 800)/800 × 100 = 31.25%