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

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 .

According to question:

Marked price – 20% of marked price = 2000    Dividing both sides by 0.80 we get: 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 = = = = Profit percentage = 5%

Therefore, the profit percentage is 5% .