Sreedhar's CCE
64. Item-A was marked 100% above its cost price. If the respective ratio between the
discount given and the profit earned on selling Item-A was 3 : 5, what was the
percent profit earned ?
2) 66
3) 62.5
4) 60
5) 37.5
1) 40
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Answer:
Step-by-step explanation:
Let the cost price of the item = C.P = Rs. 100
Item A marked 100% above its cost price = M.P = Rs. (100 + 100) = Rs. 200
Ratio between the discount and profit earned on selling item was 3 : 5
Let the discount = 3x and profit = 5x
Selling Price = S.P = Rs. 200 - 3x
Profit = S.P - C.P
=> 5x = 200 - 3x - 100
=> 5x + 3x = 100
=> 8x = 100
=> x =
Profit = 5x = 5 x 12.5 = 62.5
Profit percentage = = = 62.5%
Hence, the percentage of profit earned was 62.5 %.
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