shopkeeper purchases the goods of Rs 2000 at 20% discount.if he sold at Rs 600 less than its marked price.Find its profit or loss percentage

Question

shopkeeper purchases the goods of Rs 2000 at 20% discount.if he sold at Rs 600 less than its marked price.Find its profit or loss percentage.​

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Autumn 1 week 2021-10-11T19:34:00+00:00 1 Answer 0

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    2021-10-11T19:35:34+00:00

    Answer:

    The profit percentage is 5% .

    Step-by-step explanation:

    Given:

    Shopkeeper purchases the goods of Rs 2000 at 20% discount. he sold at Rs 600 less than its marked price.

    Now, to find the profit or loss percentage, we need to get the marked price first.

    Let the marked price be x.

    According to question:

    Marked price – 20% of marked price = 2000

    x-\frac{20}{100}\times x = 2000

    x-0.20\times x = 2000

    x-0.20x= 2000

    0.80x = 2000

    Dividing both sides by 0.80 we get:

     x= 2500

    So, the marked price = Rs 2500.

    Now, for getting the profit percentage we need to calculate the profit price and then get the percentage.

    Profit = price in which goods purchased – price in which it is sold

    As it is given that shopkeeper sold at Rs 600 less than its marked price.

    Profit = 2000 – (2500-600)

    Profit = 2000 – 1900

    Profit = Rs 100

    Now, for the profit percentage:

    Profit percentage = \frac{profit}{purchased\ price} \times 100

                                =  \frac{100}{2000} \times 100

                                =  0.05 \times 100

                                =  5

    Profit percentage = 5%

    Therefore, the profit percentage is 5% .

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