Question

A trader allow 10 %trade discount 2%cash discount .if the list price an Article is rupess 1200 finds its selling price?​

Answer 1

Step-by-step explanation:

Given,

Buying price, B = 1200

Now the seller hikes the price by 30%

so B becomes B(100+30)/100 i.e. 1.3B

so new price, let us suppose C

C = 1.3B

C= 1.3x1200

C=1560/-

Now the seller sells it on 20% discount

i.e. he sells it in 80% of the new price C

so selling price is, suppose S

S = (80/100)xC

S=0.8xC

S=0.8x1560

S = 1248/-

Now the seller bought an item in 1200/- and sold it in 1248/-

so his profit, P = 1248–1200

P = 48/-

%P = (Profit/Cost Price)x100

%P = (48/1200)x100

%P = 4%

So the Selling price is 1248/- and profit percentage is 4%