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 × 0.70 × 0.95 = Rs. 9,975 Profit percent = [(9975 - 10000) / 10000] × 100 = -0.25% (loss)
More Profit and loss Questions
- A saree having cost price of Rs. 2500 is marked up by 50% above its cost price and sold after offering two successive discounts of 10% and 20% respectively...
- Cost of a gadget is Rs. (10n + 150). It is marked up by 60% and sold after deducting Rs. (5n + 100) as discount. If a profit of Rs. 1,200 is made, find the...
- A shopkeeper marked his article 30% above its cost price and offered a discount of 28%. If cost price of the article is Rs. 350, then find profit or loss o...
- A started a retail business by investing Rs.50,000. After five months B joined him with a capital of Rs.60,000. After 2 years, they earned a profit of Rs.4...
- In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of t...
- A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less and s...
- A trader sold two items for Rs. 150 each. He sold one at a profit of 20% and the other at a loss of 25%. What is the difference in their cost prices?
- The marked price of the washing machine is 60% above its cost price. The seller offers two successive discounts of 10% and 10%, respectively. If he makes a...
- A Shopkeeper gives 2 articles free on the purchase of every 10 articles. He also allows a discount of 20% to customer and still earn 25% profit. Find the r...
- The profit earned by selling an article for Rs. 4,800 is 5/8th the loss incurred on selling the same article for Rs. 3,200. Find the selling price of the a...
Relevant for Exams:
