Question

On selling an object for rs. 1020.a shopkeeper incurrs 20% loss if it is sold for 1500 what will be the profit %?

Answer 1

current selling price of object = 1020

it is the 20 % loss price on cost price

so it 80% of cost price

let's find cost price

80 % ------------- 1020

then

100 % ----------- cost

cost price = 1020 × 100 / 80

cost price = 10200/8

cost price = 1275 rs

now if we sell it on 1500


then profit = 1500 - 1275 = 225


so ,

1275 ------ 225 profit

then

100 ------- ? profit


profit percentage = 225 × 100 /1275

profit percentage = 17.64 %