Question 54

The cost price of goods, for a shopkeeper, was X. He marked them at 15% above the cost price. Finally, he sold the goods at a discount of 25%. What is his profit/loss percentage ?

Solution

Cost price of goods = x

Marked price = x $$\times \frac{115}{100}$$ = 1.15x

Discount = 25%

Selling price = 1.15x $$\times \frac{75}{100}$$ = 0.8625x

Loss = x - 0.8625x = 0.1375x

Loss% = $$\frac{0.1375x}{x} \times$$ 100 = 13.75%

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