Question
A shopkeeper buys an item for Rs 800 and marks it at Rs 1000. He gives a discount of 10% on the marked price. Find his profit percentage.
Solution
ATQ, Selling price = 1000 − 10% of 1000 = 1000 − 100 = 900 Profit = 900 − 800 = 100 Profit% = (100/800) × 100 = 12.5%
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