Question

The marked price of an item is Rs.11,250 and 10% discount is given to make 20%profit. By what percent is the discount to be increased to get only 12% profit?

Answer 1

Answer:

The marked price = Rs 18000

So, selling price = Rs 18000(100 - 20)/100

= Rs 14400

Suppose, cost price = Rs x

So, selling price = Rs x(100 + 20)/100

So, 120 x/100 = 14400

So, x = 12000.

So, CP = Rs 12000

Now, in second situation,

SP = Rs 18000(100 -12)/100

= Rs 15840

Now, profit % = (15840 - 12000)*100/12000

=3840/120 = 32 %

So, the percentage of profit = 32.