A shopkeeper sold an article offering a disco | vedclass

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

Question

(B) Let the Cost Price $(CP)$ be $Rs. 100$.Since the profit earned is $23.5 \%$,the Selling Price $(SP)$ is $Rs. 123.50$.Let the Marked Price $(MP)$ b

Vedclass · Accepted Answer

$62.50$

Vedclass · Answer

(B) Let the Cost Price $(CP)$ be $Rs. 100$.Since the profit earned is $23.5 \%$,the Selling Price $(SP)$ is $Rs. 123.50$.Let the Marked Price $(MP)$ be $x$.Given that a discount of $24 \%$ is offered on the $MP$,the $SP$ is $76 \%$ of $MP$.So,$0.76 	imes x = 123.50$.$x = \frac{123.50}{0.76} = 162.50$.If no discount is offered,the article would be sold at the Marked Price $(MP = Rs. 162.50)$.Profit = $MP - CP = 162.50 - 100 = 62.50$.Profit percentage = $\frac{62.50}{100} 	imes 100 = 62.50 \%$.

$A$ shopkeeper sold an article offering a discount of $24 \%$ and earned a profit of $23.5 \%$. What would have been the percentage of profit earned if no discount had been offered?

Similar Questions

Three successive discounts of $10 \%$,$12 \%$,and $15 \%$ are equivalent to a single discount of what percentage (in $\%$)?

If the selling price is tripled and the cost price is doubled,the profit would become $65 \%$. What is the present profit (in $\%$)?

If the cost price of $20$ tables is equal to the selling price of $25$ tables,find the loss percentage. (in $\%$)

$A$ man bought $500$ metres of electronic wire at $50$ paise per metre. He sold $50 \%$ of it at a profit of $5 \%$. At what percent should he sell the remainder so as to gain $10 \%$ on the whole transaction?

The marked price of a watch was $Rs. 720$. $A$ man bought the same for $Rs. 550.80$ after getting two successive discounts,the first being $10\%$. What was the second discount rate? (in $\%$)

Vedclass Test Series

Exam Paper Generator

Online Exam Module