A shopkeeper is buying goods from a wholesaler. The wholesaler sells 1265 units of the goods to the shopkeeper, earning a profit equal to the selling price of 165 units of the goods. Find the profit percentage of the wholesaler.
15%
The correct answer is 15%.
It's essential to correctly identify whether the given value (like the profit here) is a percentage of the cost price or the selling price, or if it's given as an amount equivalent to the SP or CP of a certain quantity. In this specific problem, the profit was stated as being equal to the selling price of a certain number of units, not a percentage of the total selling price. This distinction is crucial for setting up the correct equations for SP, CP, and Profit before calculating the profit percentage, which is always based on the Cost Price unless otherwise specified.
Similar Questions
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Important Questions from Successive Selling
- During a sale 35% of the goods are sold at 22% profit, 40% of the remaining goods are sold at 37% profit and the still remaining goods are sold at a loss of 38%. If there is an overall profit of x%, then what is the value of x?
- A dealer buys two articles X and Y for ₹1,000 each. He marks each of them at the same price. He sells X by giving two successive discounts of 15% and 30% and still earns ₹337 as profit. If he sells Y at a single discount of 49%, then what is the profit percentage on Y?
- Find the single equivalent discount (rounded off to two decimal places) for successive discounts of 18%, 6% and 25%.
A shopkeeper marks the price of three identical articles, first, 60% above the Cost Price; second, 45% above the Cost Price and the third, 40% above the cost price. If he gives discount of 25% on first article, 20% on the second article and 15% on the third one, what is his overall profit percentage?
A dealer bought a six-seater Dining Table after getting successive discounts of 15% and 12%. Thereafter, he spent 10% on transport, etc. and finally sold it for Rs. 24,169.75, thereby earning a profit of 25%. What was the marked price of the Dining Table?
