Question
A shopkeeper marked an article 70% above its cost price and made a profit of Rs. 440 when he sold the article after giving a discount of 25%. Find the profit percent earned by the shopkeeper if he had sold the article for Rs. 2000.
Solution
Let cost price of the article is Rs. ‘x’ So, Selling price of the article = 0.75 × 1.7 × x = Rs. 1.275x According to question; 1.275x – x = 440 Or, 0.275x = 440 Or, x = 1600 Desired Percentage = [(2000 – 1600)/1600] × 100 = 25%
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