To solve this problem, we need to calculate the profit percentage for article Y based on the given conditions. Let's break down the problem step-by-step:
- Both articles X and Y are bought for ₹500 each.
- They are marked at the same price. Let the marked price be ₹M.
- For Article X:
- Two successive discounts are given: 50% and 28%.
- The final selling price for X results in a profit of ₹958.
- Let's calculate the final selling price of X:
- For Article Y:
- Y is marked at the same price of ₹4050.
- A single discount of 77% is given.
- The selling price after the discount is:
Therefore, the profit percentage on Y is 86.30%.
Important Questions from Profit & Loss (Notes)
- A person incurs a loss of 10% by selling a watch for Rs. 450. At what price should the watch be sold to earn 10% profit?
- A shopkeeper bought an item for ₹7825 and marked it at 30% higher than the cost price. If he sells the item by allowing 20% discount, then his profit percentage will be :
- A bought an article at a certain price and sold it at 10% profit. B bought the same article at a price 10% lesser than A and sold it at ₹18 lesser than A. B's gain percentage in this deal is 20%. At what price B bought the article?
- A shopkeeper earned a profit (in ₹) by selling an item, which is three times the discount offered (in ₹). If the discount offered is 6.25%, what is his profit percentage ?
Restaurants A, B, C, and D give the following offers:
A: one mocktail free for every two purchased
B: one mocktail free for every three purchased
C: two mocktails free for every six purchased
D: 30% discount on each mocktail
If all of the restaurants have the same marked price for each mocktail, in which restaurant would you pay the least if you drank eight mocktails?
