Question
The original cost of a wheat flour bag is Rs. 3420. It
is labeled with a percentage increase above its cost, denoted by 'p%', and then sold with a discount of Rs. 513. This selling process results in a profit of 30%. Determine the value of 'p'.Solution
ATQ, Selling price of the Wheat flour bag = 1.3 × 3420 = Rs.4446 Therefore, marked price of the Wheat flour bag = 4446 + 513 = Rs. 4959 Therefore, percentage by which Wheat flour bag is marked above its cost price = {(4959 – 3420)/3420} × 100 = 45% Therefore, p = 45
He is always praised for his gift of the gab.
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