A toy is bought at Rs.4000 and marked to a price of Rs.5000. If the toy is sold for
Rs.2250, then find the discount and discount percentage.
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Answer:
Selling Price = Rs. 4000
Profit percentage = 20%
Discount percentage = 10%
Formula used:
Profit percentage = {(SP - CP)/CP} × 100
where,
CP = Cost price
SP = Selling price
Calculation:
Let the CP be 100x.
If the discount of 10% was given on selling price, then new SP = 4000 - 4000 × 10%
⇒ 4000 - 400
⇒ 3600
Profit percentage = {(SP - CP)/CP} × 100
⇒ 20 = {(3600 - 100x)/100x} × 100
⇒ 20x = {3600 - 100x}
⇒ 120x = 3600
⇒ x = 30
CP will be 100 × 30 = Rs. 3000
∴ The profit percentage is Rs. 3000.
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