Question
span >A shopkeeper marks up an item by 25%. If he increases the discount from 23% to 27%, the profit will decrease by Rs. 60. Find the selling price of the item in order to earn a profit of 20%.
Solution
Let, cost price of item be Rs. x.
So, mark price = Rs. 1.25x
According to question,
1.25x [0.77 – 0.73] = 60
1.25x = 1500
x = 1200
Therefore, required selling price = 1200 × 1.20 = Rs. 1440
More Profit and loss Questions
- Two items, ‘M’ and ‘N’, were sold at Rs. 3600 each. The profit on ‘M’ equals the loss on ‘N’. If the cost price of ‘M’ is Rs. 2000 less than that of ‘N’, f...
- The ratio of cost prices of two articles ‘A’ and ‘B’ is 5:1 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1200. If articles ‘A’ an...
- A shopkeeper marked an article P% above its cost price and sold it for Rs. 1440 after giving a discount of 20%. If the ratio of cost price and selling pric...
- A mobile and a charger cost Rs. 3,000 and Rs. 1,200 respectively. The store marked the mobile up by 30% and the charger by 20%. If the combined selling pri...
- A shopkeeper offers a watch at Rs. 2,880, making a 12% profit. What will be the new selling price if he lowers his profit to 8%?
- Marked price of an article is 1.45 times of cost price. Selling price is Rs. 1500.Find the discount percentage if profit percentage is 25%
- The selling price of a washing machine is Rs. 1680. If the washing machine was sold at 40% profit, then find the discount offered given that the washing ma...
- A man purchased refrigerator and got 10% happy hour discount but paid 1.5% CGST and 1.5% SGST on the discounted rate. Had he got Rs 600 as discount and the...
- The marked price of a book is 130 percent of its cost price. If a 20% discount is offered while selling the book, find the profit percentage.
- A store offered two successive discounts of 8% and 5% on a television and still made a profit of 22%. Find the approximate cost price of the television if ...
