Question

due to 15% discount offered by a shop , price of a racket reduces by $705 . Find the overall profit/loss.

Answer 1

As provided in the question , the shop is selling a racket with a discount of 15%.We are expected to calculate the total profit or loss experienced by the shop.

To calculate this

Let's consider the cost of the racket be x. Since we need to calculate the loss experienced by the shop when it provides the discount of 15% , first we need to find the actual price of the racket.

For this let us put the given condition in a mathematical equation.

Taking 15% discount on the price X of the racket

15x/100 =$705

X= 705*100/15 =$4700

Hence, the original price of the racket is $4700.

Hence the loss faced by the shop is $705 as it was subtracted as discount from the original price before selling.