Question
A shopkeeper bought an item for ₹400. He sold it at a profit of 25%. Then, the buyer sold it to another person at a loss of 10%. What is the final selling price?
The correct answer is
₹450
Cost Price = ₹400
Selling Price after 25% profit = 400 + 25% of 400 = 400 + 100 = ₹500
New CP for second person = ₹500
Loss of 10% → SP = 90% of 500 = (90 ÷ 100) × 500 = ₹450
Was this answer helpful?
Important Questions from Profit and Loss
- Veer bought some sharpeners at the rate of ₹180/dozen. He sold them for ₹23 each. His profit percentage is ____ % (rounded off to two decimal places).
- A shopkeeper lists the price of a fan at 60% above its cost price and offers a 15% discount on its list price. If he earns a profit of ₹117, then what is the list price (in ₹) of the fan?
- The marked price of an article is ₹800. It is sold at two successive discounts of 24% and 15%, respectively. Find the selling price of the article.
- A discount of 13% on the marked price of an article is allowed and then the article is sold for ₹348. The marked price of the article is:
- A trader claims to sell grains at a profit of 29%, but also dishonestly uses a weight which is 13% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
Need Expert Advice?
