Question
A product is bought for Rs. 1,800. The shopkeeper tags
it at 25% above the cost price and offers a discount of Rs. 200 at the time of sale. What is the percentage of profit made? (Round off to the nearest whole number)Solution
ATQ,
Marked price of product = 1.25 × 1,800 = Rs. 2,250
Selling price of product = 2,250 − 200 = Rs. 2,050
Required profit percentage = [(2,050 − 1,800) ÷ 1,800] × 100= (250 ÷ 1,800) × 100 = (250/18) ≈ 14%
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