Question

A vase made up of glass when sold for RS 9600 fetches 20%profit. What would be the percent profit/ loss if such vases are sold at a whole sale price of Rs 8250?

Answer 1

The percentage profit will be 3.125%.

Step-by-step explanation:

A vase made up of glass when sold for Rs. 9600 fetches a 20% profit.

If the making cost of the vases are Rs. x, then

$x(1 + \frac{20}{100}) = 9600$

⇒ 1.2x = 9600

⇒ x = 8000 Rs.

Now, if the vases are sold at the price of Rs. 8250, then the profit is by Rs. (8250 - 8000) = Rs. 250.

Therefore, the percentage profit is $\frac{250}{8000} \times 100 \% = 3.125\%$ (Answer)

Answer 2

If the vase is sold at Rs 8250 then there will be a profit of 3.125%.

Step-by-step explanation:

Let the cost price of the  vase be Rs X.

Then the profit he earned when he sold the vase for Rs 9600 is=9600-X

In percentage he earned a profit of 20% which is equal to⇒((9600-X)/X)×100=20

⇒X=Rs8000

So, if he sold the vase for Rs 8250 then the profit he earned is =(8250-8000)=Rs250

Then the profit percentage will be (250/8000)×100=3.125%(answer)