A shopkeeper ordinarily makes a profit of 12%. If his cost price decreases by 10%, he lowers his selling price also by 10%. Find his profit percent now.
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Answer:
S.P. = Rs.6750
Discount = 10%
∴ M.P. = Rs.=(
90
6750×100
)=Rs.7500
If there was no discount, S.P. = Rs.7500 and Profit % = 50%
∴ C.P. = Rs.=(
150
7500×100
)=Rs.5000
∴ Actual profit = Rs.6750 - Rs.5000 = Rs.1750
Actual profit % =
6750
1750
×100=35%
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