Question

By selling a sofa-set for 2500 the shopkeeper loss 20% find his loss or profit %if he sell same sofa-set in 3150

Answer 1

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Answer 2

$\textbf {Hey there, here is the solution.}$

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STEP 1: Find the percentage that the the sofa-set was sold:

100 - 20 = 80%

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STEP 2: Form equation:

Sofa-set sold at 80%

Sofa-set sold at 2500

80% = 2500

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STEP 3: Find the Cost Price:

80% = 2500

1% = 2500 ÷ 800 = 31125

100% = 3.125 x 100 = 3125

The cost price is 3125

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STEP 4: Find the profit percentage:

Profit = 3150 - 3125 = 25

Profit Percentage = 25/3125 x 100 = 0.8%

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Answer: He sold the same sofa-set at 0.8% profit.

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$\textbf {Cheers}$