Question

A shopkeeper marks all his goods 20% above the cost price and then gives 5% discount on the marked pricemFind his profit percent .

Answer 1

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Answer 2

Solutions :-


Given :
A shopkeeper marks all his goods 20% above the cost price.
Discount on its marked price = 5 %


Let the cost price be ₹ 100

Find the marked price :-

M.P = C.P + 20% of C.P
= 100 + 20% of 100
= 100 + 0.2 × 100
= 100 + 20 = 120


Find the Selling price of goods :-

S.P = M.P - discount% of M.P
= 120 - 5% of 120
= 120 - 0.05 × 120
= 120 - 6
= 114


Now, we have

Cost Price = ₹ 100
Selling price = ₹ 114

Selling price is greater than the Cost price. Therefore, Profit.

Profit = S.P - C.P
= ₹ (114 - 100)
= ₹ 14

Profit % = (profit × 100)/C.P %
= (14 × 100)/100 %
= 140/100 %
= 14 %


Hence,
Profit percent = 14 %