Question
The cost price of a smartphone is Rs. 20,000. The
smartphone is marked 40% above its cost price and sold after a discount of Rs. 2,000. If the cost price had been Rs. 4,000 less but sold for the same price, then what would be the percentage of profit earned?Solution
Selling price of the smartphone = 20,000 Ă— 1.40 - 2,000 = Rs. 26,000. If the cost price had been Rs. 4,000 less, the new cost price = 20,000 - 4,000 = Rs. 16,000. So, required percentage = {(26,000 - 16,000)/16,000} Ă— 100 = 62.5%
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