A trader buys some T-shirts at 10 % rebate on printed price Rs.450 per piece. For a long time he could not sell any T-shirt, so he sells it for Rs.360 per piece. What amount of profit or loss per piece does he make ? How much percentage of rebate does a customer earn?
Answers
Printed Price = Rs 450.
Rebate = 5%.
Cost Price = Rs 450 - 450*0.05 = Rs 450 - 22.5 = Rs 427.5
Selling Price = Rs 360.
Since Selling price is lesser than cost price, loss is incurred.
Loss = Rs 427.5 - 360 = Rs 67.5
Rebate % earned by consumer = Discount / Selling Price * 100%
(67.5 / 427.5) * 100 = 15.78%
SOLUTION :
GIVEN :
Printed price of 1 T-shirt = ₹ 450
Selling price (S.P) of 1 T-shirt = ₹ 360
Rate of debate on purchase = 10 % on the printed price
Amount of rebate on purchase = Rate of rebate × printed price
Amount of rebate on purchase = 10 % × ₹ 450
= 10/100 × ₹450 = ₹ 45
Amount of rebate on purchase = ₹ 45
Net Price of each T-shirt = printed price - rebate
= ₹ 450 - ₹ 45 = ₹ 405
Net Price of each T-shirt = ₹ 405
N.P < S.P [ Loss]
Loss = N.P - S.P
Loss = 405 - 360 = ₹ 45
Loss on 1 T-shirt = ₹ 45
Amount of rebate= printed price - price paid
= ₹(450 - 360) = 90
Amount of rebate= ₹ 90
Percentage (%) rebate earned by the customer =( Amount of rebate /printed price) ×100
= (90/450) × 100 = 100/5 = 20 %
Hence, the customer earned a rebate of 20 %.
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