Monte Carlo is offering a summer discount of 20% on all the sweaters. Ram buys sweaters which cost him Rs. 3000/- and then resold them in his shop at a discount of 10% on the market price. Find the total profit he earned.
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Answers
- Discount offered on sweaters = 20 %
- Cost price of the Sweater = Rs.3000
- Discount offered at Resold = 10 %
- Profit earned by Ram = ?
Formula Used :
- ➳ Discount :
- ➳ Selling Price :
Calculating the Selling Price at the Shop :
- ➙ Discount :
- ➙ Selling Price :
Calculating the Selling Price at the Ram's Shop :
- ➙ Discount :
- ➙ Selling Price :
Calculating the Profit :
Therefore :
❝ Ram earned a Profit of ₹ 300 on the Sweater . ❞
Given : Monte Carlo is offering a summer discount of 20% on all the sweaters.
Ram buys sweaters which cost him Rs. 3000/- and then resold them in his shop at a discount of 10% on the market price.
To Find : the total profit he earned.
Solution:
Market Price = x rs
20 % Discount = (20/100)x = 0.2x rs
Price after Discount = x - 0.2x = 0.8x rs
0.8x = 3000
=> x = 3750
Market Price = 3750 rs
10% discount = (10/100)3750 = 375 Rs
SP = 3750 - 375 = 3375 rs
CP = Rs 3000
Profit = 3375 - 3000 = Rs 375
Profit % = (375 / 3000) * 100
= 12.5
the total profit he earned. = 12.5 % or Rs 375
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