Ankit purchased a printer for Rs. 15,600/- and sold at Rs. 17,160/-. What is his profit percentage?
10%
The correct answer is 10%.
Your profit percentage is \left( \frac{10}{50} \right) \times 100\% = 20\%. Even though the profit amount is different (Rs. 10), the profit percentage can be the same because it's relative to the cost price. Always ensure you correctly identify the Cost Price and Selling Price before calculating profit or loss and their respective percentages.
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?
