Question

A shopkeeper marks the price on all his toys at 20% more than his cost price. Then the shopkeeper also gives 15% off on all those toys. What is his profit or loss percentage?

Answer 1

Answer:-

The profit % is 8%.

Calculation :-

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

= 120×90/100

=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % = 8×100/100

=8%

Answer 2

$Profit\%=2\%$

Step-by-step explanation:

Given:

Let the cost price of the toys be, $CP=Rs\ 100$

When the shopkeeper marks them at 20% more than the cost price,$MP=Rs\ 120$

Since the shopkeeper gives 15% discount on the Marked price, so the selling price:

$SP=MP-Discount\%\times MP$

$SP=120-120\times 15\%$

$SP=Rs\ 102$

Now the profit %:

$Profit\%=\frac{Profit}{CP} \times 100$

$Profit\%=\frac{SP-CP}{CP} \times 100$

$Profit\%=\frac{102-100}{100}\times 100$

$Profit\%=2\%$

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TOPIC: profit loss marked price

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