Question
A person purchased an article for Rs. 1900 which was
marked up by 25% above its cost price. The discount given by seller to person was Rs. 350. By how much more price, should the seller have sold to gain 24%?Solution
Marked price of the article = 1900 + 350 = Rs. 2250 Cost price of the article= 2250/1.25 = Rs. 1800 Required selling price = 1.24 times; 1800 = Rs. 2232 Required amount = 2232ndash; 1900 = Rs. 332
If profit earned is (1/5)th of selling price, then calculate the percentage of profit.
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