Question

A shopkeeper marked a price of TV ₹18500. He put two consecutive profits of 20% & 5%. How much should shopkeeper sell a TV to customer?

Answer 1

Marked Price = ₹18500

Find the selling  price after adding 20% profit:

Profit = 20% of 18500 = 0.2 x 18500 = ₹3700

Selling Price = 18500 + 3700 = ₹22,200

Find the selling price after adding another 5%:

Profit = 5% of 22,200 = 0.05 x  22,200 =  ₹1,110

Selling Price = 22,200 + 1,110 =  ₹23,310

Answer: The shopkeeper should sell it at ₹23,310