On a festival season,a shopkeeper increases his products rate t0 35% and gives two discounts 10% and 15% respectively.What profit or loss would the shopkeeper get at the end?
Answers
Gain =3.275%
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Answer:
At last he would get a profit of Rs. 3.275 and Profit % would be 3.27 %
Step-by-step explanation:
Let CP = Rs. 100,
According to question,
Shopkeeper first increases its product rates by 35%, that is, 35% increase in SP
New SP = 100 + 35% of 100
= 100 + 35 = Rs 135
Further it is given he first offers 10% dicount, that means,
10 % discount in 135
So 1st SP = 135 - 10% of 135
= 135 - ((135*10)/100)
= 135-13.5 = 121.5
Again 15 % discount is offered to the 1st SP ,that is,
121.5 - 15% of 121.5
= 121.5 - ((121.5*15)/100)
= 121.5 - 18.225
= 103.275
So,
Final SP =103.275
Since,
CP =100
SP =103.275
Gain = 103.275 - 100
= 3.275
Gain % = ( Gain / CP ) * 100
= ( 3.275 / 100 ) * 100
= 3.27%
Hence,
At last he would get a profit of Rs. 3.275 and Profit % would be 3.27 %