Question
A shopkeeper marks up the price of an article by 50% above its cost price. During a sale, he offers two successive discounts of 20% and 10% on the marked price and still makes a profit of Rs 72. What is the cost price of the article?
Solution
ATQ, Let the cost price be C. Marked price = 1.5C. After 20% discount: price = 1.5C × 0.8 = 1.2C. After further 10% discount: price = 1.2C × 0.9 = 1.08C. Profit = 1.08C − C = 0.08C = 72 ⇒ C = 72 / 0.08 = 900.
More Profit and loss Questions
- The cost price of article A and B is Rs. ‘X’ and Rs. (X + 750), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. If selli...
- An item costs Rs.1250. It is marked up by x% and then sold after a discount of (x – 8)%. The seller earns a profit of Rs.30. Find the marked price.
- Anita sold an article at 50% profit. If the profit percentage had been numerically equal to CP, then the profit earned would have been 300% more. Find the ...
- A reduction of 10% in the price of sugar enables a man to buy 5 kg more for RS 300. Find the reduced price per kg of sugar.
- A company produces two products, A and B. The cost of production for product A is ₹120 and for product B is ₹80. If the selling price for product A is ₹200...
- 'A' purchased an article and sold it to 'B' at 10% profit. 'B' marked it up by 35% above the price at which 'A' has purchased it and then sold it after giv...
- A farmer sold two cows, each for ₹45,000. He made a 12.5% profit on the sale of one cow but incurred a 16(2/3)% loss on the sale of the other. Calculate th...
- Two cycles were sold at 1499 Rs each. First was sold at 25% profit and second at 20% loss. Find the overall profit or loss.
- A shopkeeper sold an article at profit of 10%. Had he bought it at 10% less and sold it for Rs. 3 more, then he would have earned a profit of 25%. Find the...
- Tanuj went to purchase an oven, the shopkeeper told him to pay 29% tax if he asked the bill. Tanuj manages to get the discount of 15% on the actual salepri...
