what was the price at which a merchant sold a laptop? the merchant's profit on laptop was 25% of the price at which he sold the laptop. the price at which he sold the laptop was 200 rs more than the merchant's cost of laptop
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Answered by
64
Given that:
- The merchant's profit on laptop was 25% of the price at which he sold the laptop.
- The price at which he sold the laptop was 200 rupees more than the merchant's cost of laptop.
To Find:
- What was the price at which a merchant sold a laptop?
Let us assume:
- The selling price of laptop be x.
- Profit = 25% of x = 0.25x
We know that:
- Cost price = Selling price - Profit
Finding the cost price of an laptop:
- Cost price = x - 0.25x
- Cost price = 0.75x
Finding the selling price of laptop:
According to the question.
⟶ x = 0.75x + 200
⟶ x - 0.75 = 200
⟶ 0.25x = 200
⟶ x = 200/0.25
⟶ x = 800
Hence,
- The price at which a merchant sold a laptop was Rs 800.
Answered by
19
Let cost price of one article be c and selling price of one article be s.
We need to find profit/loss% which is equal to ((s-c)/c) x 100 = (s/c - 1) x 100
Given that 20c = 25s. Then s/c = 4/5
Profit% = (4/5 - 1) x 100 = -20%
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