Question 55

A shopkeeper bought an article for ₹100 and marked its price 25% above the cost price. How much discount percentage should he announce in order to make a profit of 15%?

Solution

C.P= Rs 100

M.P= Rs 125

Required Profit= 15%

S.P = $$C.P\times\frac{Profit}{100}$$

S.P=$$100\times\frac{15}{100}$$

S.P =Rs 115

Discount=125 - 115= Rs 10

Discount%=$$\frac{10\times100}{125}$$=8

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