Advertisements
Advertisements
Question
Ashwin buys an article for Rs. 500. He marks it for sale at 75% more than the cost price. He offers a 25% discount on the marked price to his customer. Calculate the actual percentage of profit made by Ashwin.
Solution
C.P. = ₹ 500
Marked price = C.P. + `75/100` × C.P.
= `500 + 75/100 xx 500`
= 500 + 75 × 5
= 500 + 375
= 875
25 % discount was given on marked price
∴ Discount = `25/100 xx 875`
= `875/4`
Selling price = marked price – discount
= `875 - 875/4`
= `875(1 - 1/4)`
= `(875 xx 3)/4`
Profit = S.P. – C.P.
= `(875 xx 3)/4 - 500`
= `(2625 - 2000)/4`
= `625/4`
Profit percentage = `"Profit"/"Cost price" xx 100`
= `(625)/(4/500) xx 100`
= `625/(4 xx 5)`
= `125/4`
= 31.25
∴ Ashwin makes 31.25% profit.
APPEARS IN
RELATED QUESTIONS
Mr. Sarad purchased a laptop for Rs. 24000 and sold it for Rs. 30000. What was the profit percentage?
A cloth merchant advertises selling cloth at a 4% loss. By using a faulty meter scale, he is earning a profit of 20%. What is the actual length of the scale?
Sunil sells his bike worth Rs. 25000 to Rohit at a profit of 20%. After 6 months Rohit sells the bike back to Sunil at a loss of 20%. Find the total profit percent of Sunil considering both the transactions.
By selling a book at Rs. 405 bookseller incurs a loss of 25%. Find the cost price of the book.
The combined cost price of a refrigerator and a mixture is Rs. 12400. If the refrigerator costs 600% more than the mixer, find the cost price of the mixture.
Find the single discount equivalent to the discount series of 5%, 7%, and 9%.
The printed price of a shirt is Rs. 390. Lokesh pays Rs. 175.50 for it after getting two successive discounts. If the first discount is 10%, find the second discount.
A man sells an article at a profit of 25%. If he had bought it at 10% less and sold it for Rs 7 less, he would have gained 35%. Find the cost price of the article.
A cloth costs Rs. 675. If it is sold at a loss of 20%, what is its cost price as a percentage of its selling price?
A man buys a house for Rs 10 lakh and rents it. He puts 10% of the annual rent aside for repairs, Pays Rs. 1000 as annual taxes and realizes 8% on his investment thereafter. Find the annual rent of the house.
Find the single discount equivalent to a series discount of 10%, 20%, and 15%.
A, B, and C enter into a partnership. A invests 3 times as much as B invests and B invests two-thirds of what ‘C’ invests. At the end of the year, the profit earned is Rs. 8800. What is the share of ‘B’?
The ratio of investment of two partners Santa and Banta is 11 : 12 and the ratio of their profits is 2 : 3. If Santa invested the money for 8 months, then for how much time Banta his money?
