mqdhu bought a table for rupees 625 and got free with it a shop case coasting rupees 25. The shopkeeper made a profit of 20 percent on this transaction. what did the shopkeeper pay for the table
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Hey mate,
Here is your simple answer :
Cost price of a table = ₹625
Free shop case for the table = ₹ 25
So, new CP after the free shop case = ₹600
Transaction Profit % = 20%
We actually do 120/100*600 but here this question is about the transaction. So, we have to do the sum with 80% as 100%-20%=80%
Therefore Final CP of a table = 80/100*600
= ₹480
Here is your simple answer :
Cost price of a table = ₹625
Free shop case for the table = ₹ 25
So, new CP after the free shop case = ₹600
Transaction Profit % = 20%
We actually do 120/100*600 but here this question is about the transaction. So, we have to do the sum with 80% as 100%-20%=80%
Therefore Final CP of a table = 80/100*600
= ₹480
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