A shopkeeper sold an article for Rs. 400 afte | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Let the cost price be $CP$ and the marked price be $MP$.Given that the shopkeeper makes a $30\%$ profit on $CP$,the selling price $SP = 1.30 	ime

Vedclass · Accepted Answer

$62.5$

Vedclass · Answer

(D) Let the cost price be $CP$ and the marked price be $MP$.Given that the shopkeeper makes a $30\%$ profit on $CP$,the selling price $SP = 1.30 	imes CP$.Also,the shopkeeper gives a $20\%$ discount on $MP$,so $SP = 0.80 	imes MP$.Equating the two expressions for $SP$: $0.80 	imes MP = 1.30 	imes CP$,which gives $MP = \frac{1.30}{0.80} 	imes CP = 1.625 	imes CP$.If no discount is given,the selling price would be equal to the marked price,i.e.,$SP_{new} = MP = 1.625 	imes CP$.The profit percentage would then be $\frac{SP_{new} - CP}{CP} 	imes 100 = \frac{1.625 	imes CP - CP}{CP} 	imes 100 = 0.625 	imes 100 = 62.5\%$.

$A$ shopkeeper sold an article for $Rs. 400$ after giving a $20\%$ discount on the labelled price and made a $30\%$ profit on the cost price. What would have been the percentage profit,had he not given the discount (in $\%$)?

Similar Questions

$A$ person purchased a saree for $Rs. 7710$ after availing a net discount of $Rs. 1285$. The percentage of discount,the saree shop offers,is

By selling an article for $Rs. 102$,there is a loss of $15 \%$. When the article is sold for $Rs. 134.40$,the net result in the transaction is:

If the cost price of an item is $\frac{2}{5}$ of its marked price and if it is sold at a discount of $10 \%,$ then there will be

$A$ sells an article to $B$ at a gain of $20 \%$,$B$ sells it to $C$ at a gain of $10 \%$,and $C$ sells it to $D$ at a gain of $12 \frac{1}{2} \%$. If $D$ pays $Rs. 29.70$,what was the cost price for $A$? (in $Rs.$)

$A$ shopkeeper professes to sell his goods at cost price but uses a $930 \text{ g}$ weight instead of $1 \text{ kg}$ weight. What will be the profit percentage of the shopkeeper (in $\%$)?

Vedclass Test Series

Exam Paper Generator

Online Exam Module