Question
A shopkeeper marked his goods 60% above cost price and
gave a discount of 25%. Find profit percentage of the shopkeeper.Solution
Let cost price of goods be Rs. 100 Marked price of goods = 1.6 × 100 = Rs. 160 Selling price of goods = 0.75 × 160 = Rs. 120 Profit percentage = [(120 - 100)/100] × 100 = 20%
More Profit and loss Questions
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
What is the corporate tax rate for domestic companies in India?
As per the revision in GST rates under the GST reforms introduced by the government in 2025, the new GST tax slabs are ____
The stock market indices NIFTY and SENSEX are calculated on the basis of which of the following?
Relevant for Exams:
