Question

the Marked price of a vacuum cleaner is 25% more than the cost price if is sold at discount of 7% if the Marked price is 8000 then find the selling price profit and profit percentage

Answer 1

Marked price = Rs 8000

Find the cost price:

Profit = 25%

Selling Price = cost price + profit

Selling Price = 100 + 25 = 125%

125% = Rs 8000

1% = 8000 ÷ 125 = Rs 64

100% = 64 x 100 = Rs 6400

Find the selling price:

Discount = 7% of Rs 8000 = 0.07 x 8000 = Rs 560

Selling Price = 8000 - 560 = Rs 7440

Find the profit:

Profit = Selling Price - Cost Price

Profit = 7440 - 6400 = Rs 1040

Find the profit percentage:

Profit Percentage = Profit / cost price x 100

Profit Percentage = 1040 / 6400 x 100  = 16.25%

Answer: (1) Selling Price = Rs 7440 (2) Profit = Rs 1040 (3) Profit Percentage = 16.25%