Question
A shopkeeper marked the price of
a bicycle at Rs. 15,000. He offers a discount of 30% on the marked price, and an additional 5% discount for immediate payment. Find the profit/loss percent if the marked price is 50% higher than the cost price.Solution
ATQ,
Cost price of the bicycle = (15000 / 1.5) = Rs. 10,000 Selling price of the bicycle = 15000 Ă— 0.70 Ă— 0.95 = Rs. 9,975 Profit percent = [(9975 - 10000) / 10000] Ă— 100 = -0.25% (loss)
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