. By selling a handbag for 850, the shopkeeper makes a loss of 15%. If he increases the selling price by 20%
find his gain or loss per cent.
Answers
SOLUTION :-
▪ GIVEN-
• selling price (S.P. ) = Rs. 850
• loss = 15%
cost price (C.P. ) = s.p *100 / ( 100- loss%)
➡ C.P. = 850*100 / ( 100-15)
➡ C.P. = 850*100 / 85
➡ C.P. = Rs. 10*100
➡ C.P. = Rs. 1000
now, the shopkeeper increases the selling price by 20%....
New selling price (S.P.) = 850 + 850*20/100
➡ S.P. = 850 + (85*2)
➡ S.P. = 850 + 170
➡ S.P. = Rs. 1020
since, new selling price is more than the cost price...
therefore, the shopkeeper gains profit
▪ Profit = Selling Price- Cost price
➡ Profit = Rs. 1020 - Rs.1000
➡ Profit = Rs. 20
Now,
☆ Profit % = ( profit/ C.P.) * 100
➡ Profit % = (20/1000) * 100
➡ Profit % = 2%
SOLUTION :-
▪ GIVEN-
• selling price (S.P. ) = Rs. 850
• loss = 15%
cost price (C.P. ) = s.p *100 / ( 100- loss%)
➡ C.P. = 850*100 / ( 100-15)
➡ C.P. = 850*100 / 85
➡ C.P. = Rs. 10*100
➡ C.P. = Rs. 1000
now, the shopkeeper increases the selling price by 20%....
New selling price (S.P.) = 850 + 850*20/100
➡ S.P. = 850 + (85*2)
➡ S.P. = 850 + 170
➡ S.P. = Rs. 1020
since, new selling price is more than the cost price...
therefore, the shopkeeper gains profit
▪ Profit = Selling Price- Cost price
➡ Profit = Rs. 1020 - Rs.1000
➡ Profit = Rs. 20
Now,
☆ Profit % = ( profit/ C.P.) * 100
➡ Profit % = (20/1000) * 100
➡ Profit % = 2%