Question

a shopkeeper sold an item after offering a discount of 25% and still earns a profit of 20%. find the cost price of the item.statement 1- if it sold for rs.1 00 more than, profit percentage is (100/3%) statement 2. if mark up price of item is increased by 25% and discount rate remains the same, then profit percentag eis 50%. answer with solution​

Answer 1

Answer:

A shopkeeper sold Item X for a his selling price (SP). Let SP = x ... At a 20% discount, the selling price of an article is Rs. 2,400. ... 25% profit is on S.P. so the fraction is = 1/4 Where.

Answer 2

Answer:

Let's see what we have here. A shopkeeper sold Item X for a his selling price (SP).

Let SP = x

Since the question says that Profit is 25% of the selling price, we have:

Profit = 25% SP = 0.25x

Now, we already know that:

Profit = SP - Cost

This part is the catch. To find out how much Item X originally cost,

Cost = SP - Profit = x - 0.25x = 0.75x

Now that we know the original cost of Item X, we can easily calculate the Real profit % using this formula:

= (Profit/Cost)*100

= (0.25x/0.75x)*100

= 33%

And there you have it. Hope I explained it clear enough.