a trader mark his good at 40% above cp and allows a discount of 25%
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Profit or loss percentage is
that is 5% profit.
that is 5% profit.
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8
✬ Profit % = 5 % ✬
Step-by-step explanation:
Given:
- A trader marks his goods 40% above the cost price.
- He allowed a discount of 25%.
To Find:
- What is profit or loss % ?
Solution: Let the cost price of goods be Rs 100.
Then Marked Price = 40% above C.P
M.P = Rs 140
• Discount given is 25% •
∴ Total Discount = 25% of 140
Discount = 25/100 x 140
Discount = Rs 35
★ Selling Price = ( Marked Price – Discount ) ★
Selling Price = (140 – 35)
Selling Price = Rs 105
Here S.P > C.P , So there is profit
=> Profit = S.P – C.P
=> Profit = (105 – 100) = Rs 5
★ Profit % = Profit / C.P x 100 ★
Profit % = 5/100 x 100
Profit % = 5%
Hence, The profit Percent is 5 %.
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