Trader gains 25% by selling an article at a discount of 35% on its marked price if the cost of the article increases by 28% what discounts present should he now on the same price to get some profit percentage as before
Answers
Given :- Trader gains 25% by selling an article at a discount of 35% on its marked price if the cost of the article increases by 28% what discounts percent should he sell the article now on the same price to get same profit percentage as before ?
Solution :-
we know that,
- Selling Price (SP) = CP * (100 + Profit%)/100
- SP = Marked Price * (100 - Discount%) / 100
So,
- CP * (100 + Profit%)/100 = MP * (100 - Discount%) / 100
- MP / CP = (100 + P%) / (100 - D%) .
given that,
- Profit % = 25
- Discount % = 35% .
So,
→ MP/CP = (100 + 25)/(100 - 35)
→ MP / CP = 125 / 65
→ MP / CP = 25 / 13.
→ MP : CP = 25 : 13.
Let us assume that, MP of the article is Rs.2500x and CP of the article is Rs.1300x .
Now, we have given that, CP of article is increased by 28% .
So,
→ New CP = (1300x * 128/100) = Rs.1664x .
Now, we have :-
- MP = Rs.2500x
- CP = Rs.1664x .
- Profit % = Same before = 25% .
- Discount % = ?
Putting values again in same formula we get,
→ MP / CP = (100 + P%) / (100 - D%) .
→ (2500x/1664x) = (100 + 25) / (100 - D)
→ (2500/1664) = 125/(100 - D)
→ (20/1664) = 1/(100 - D)
→ 5/416 = 1/(100 - D)
→ 5(100 - D) = 416
→ 500 - 5D = 416
→ 5D = 500 - 416
→ 5D = 84
dividing both sides by 5,
→ D = 16.8% (Ans.)
Hence, in order to gain same profit , discount % should be 16.8% .
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Answer:
16.8
Step-by-step explanation:
Let assume Marked price (MP) = 100 and cost price be x
Selling price = discounted price = 100 - 35 = 65
profit gains is 25% that is
=> x + 25% of x = 65
=> x + x/4 = 65
=> 5x = 260 , x = 52
=> Cost price is 52,
Now, cost price is increased by 28%
=> 52 + 28% of 52
=> 52 + (28/100)*52
=> 52 + 14.56
=> 66.56 new cost price
Now condition is gives that profit should be same so,
selling price = Profit + cost price
=> (25% of 66.56) + 66.56
=> 16.64 + 66.56 = 83.2
Discount should be given 100 - 83.2 = 16.8%