Question

the ratio of cp and mp of a table is 3:4 find the profit percentage if a 15% discount is given​

Answer 1

Step-by-step explanation:

Statement of the given problem,

The ratio of CP and MP is 3/4 and the discount is 15%. What is the profit percentage?

Let C, M & S denote CP, MP & SP respectively.

Hence from above data we get following relations,

C/M = 3/4

or M = (4/3)*C

S = (1 - 15/100)*M

or S = (17/20)*M

or S = (17/20)*(4/3)*C

or S = (17/15)*C

or S = (1 + 2/15)*C

or S = (1 + 40/3/100)*C

or S = (1 + 13.33/100)*C

Therefore it is evident from above that

the required profit percentage = 13.33%