Question

If a book is bought at Rs 550 and sold at 10 % profit, then profit earned
is

Answer 1

CP = ₹550 AND PROFIT PERCENT = 10%

∴ PROFIT = 10% OF ₹550

                = 10/100 X ₹550

                 = ₹ 55

Answer 2

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If a book is bought at Rs 550 and sold at 10 % profit, then profit earned is

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Marked price of the article = Rs. 550

Discount given = 10% of marked price = Rs. 55

So here Selling price will be =

Marked price - Discount Given

Selling price = 550-55 = Rs. 495

Gain for the shopkeeper is Rs. 75

So cost price of articles will be =

Selling price - Shopkeeper profit

Cost price = 495–75=Rs.420

Difference in cost price and marked price =

550-420= Rs. 130

Percentage of difference in marked price and cost price according to cost price =

(130÷420)×100

= 0.3095×100

=30.95%

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