Question

By selling a sofa set for 2500 the shopkeeper losses20%. Find his loss percent or profit percent if he sells the same sofa for 3150

Answer 1

Let the Cost price of Sofa be X

X - 20%X = 2500

0.8X = 2500

X = 3125

Cost price of sofa = Rs.3125

Selling Price =Rs.3150

Profit = Rs.3150 - Rs.3125 = Rs.25

Profit % = Rs.25 / Rs.3125 × 100 = 0.8%