The list price of a table fan is ` 840 and it is available to a retailer at a discount of 25%.
For how much should the retailer sell it to earn a profit of 15%.
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Hey dear ,
Here is your answer,
List Price=840
Discount %=25%(d%)
Selling price for wholesaler={(100-d%)/100}*L.P.
={(100-25)/100}*840
={75/100}*840
=0.75*840
=630
Cost price for retailer=Selling price for wholesaler
Cost price for retailer=630
Profit %age=15%
Selling Price={(100+g%)/100}*C.P.
={(100+15)/100}*630
=(115/100)*630
=(23/20)*630
=(23/2)*63
=724.5
Ans:-He should sell the fan at 724.5 Rupees to earn a profit of 15%.
Here is your answer,
List Price=840
Discount %=25%(d%)
Selling price for wholesaler={(100-d%)/100}*L.P.
={(100-25)/100}*840
={75/100}*840
=0.75*840
=630
Cost price for retailer=Selling price for wholesaler
Cost price for retailer=630
Profit %age=15%
Selling Price={(100+g%)/100}*C.P.
={(100+15)/100}*630
=(115/100)*630
=(23/20)*630
=(23/2)*63
=724.5
Ans:-He should sell the fan at 724.5 Rupees to earn a profit of 15%.
Anonymous:
well explained answer!!
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